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