Friday, August 16, 2013

The Immorality Of Keynesianism Explained In A Thought Experiment

From the conclusion of Jeffrey Dorfman for Forbes, here:


"Actions by private individuals that are not beneficial to society do not suddenly become so when the government does them. Ask yourself if government policies [of printing money and income redistribution from the rich to the poor through the tax code] would be legal and have a positive effect if a private citizen did the same thing [by counterfeiting money and robbing banks]. If the answer is no, using government to accomplish the same aims will not change the policy into a good one."