The Washington Times

LETTER TO THE EDITOR: The Keynesian fairy tale

Keynesian economics, religiously advocated by liberals in the media, academia and government, calls for expanding government to spur economic recovery. But expansion of government is like expanding the Earth’s atmosphere under the assumption that more air will spur human beings to increase their work effort. Wrong.

The economic output of each individual is limited by his biological processes. Increasing government won’t induce him to work harder.

It is clear that Keynesian economics, with its insistence in growing the size of government, will never induce those who rely on government to augment their own efforts. Keynesian economics is nothing more than an economic fairy tale.

MATTHEW R. POWENSKI

Buffalo, N.Y.

© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
You Might Also Like
  • The Washington Times

    HANSON: The end of ‘hope and change’

  • **FILE** Virginia Attorney General and Republican gubernatorial candidate Ken Cuccinelli outlines his Economic Growth and Virginia Jobs Plan at a Sweet Frog shop in Carytown on May 7, 2013. (Associated Press/Richmond Times-Dispatch)

    EDITORIAL: Tea party takeover

  • Illustration by Linas Garsys for The Washington Times

    MAXON: Why Big Abortion shares Gosnell’s guilt

  • Get Breaking Alerts