Wednesday, March 10, 2010

More Penguin Guest-Posting

Back to enlighten us is the one, the only, the insufferable know-it-all, BadBux, the Armchair Economist. The Penguin writes thusly:

I still can't believe there are people out there who believe in limited government and balanced budgets. OK, listen up people, because I know what I'm talking about. I'm like, err, uhm, really smart, and I've got a college degree to back it up. And I've read books and stuff, too. Books with hard covers and graphs and thingies. So stop thinking your silly little thoughts and let me tell you what you should think.

The way to end the current economic crisis, the worst since the Great Depression, is painfully clear by just looking at the graph of government make-work spending during the Great Depression. The more spending, the more government jobs. Without steady government jobs that regulate private behavior, people will do things and spend money as they see fit--a very bad thing. We should print at least $4 trillion to bolster our government, so that our government can lead us to goodness and light. Runaway inflation is nothing compared to the horrors of freedom and sound money.

Blog editor's note: Let's chew on that for a moment before the flightless one continues.....

First, however, we have to free the President of that neo-Austrian claptrap that makes him believe in a balanced budget. The Great Depression proves that FDR saved the country with make-work… it’s as obvious as the nose on your face… but the neo-Austrian lunatics still continue to insist that the way to end a depression is to reduce government spending, despite the fact that they live in some neo-Austrian fantasy world where unicorns are pink, cotton candy grows on trees, and the Great Depression ended because of hand-waving and silly walks.
There. I rest my case. Consider yourself enlightened.

Blog editor's note: While reading the waddling one's shallow and pitiable "understanding" of economics and history, I was reminded of Ben Jonson's Timber:

Neither can his Mind be thought to be in Tune, whose words do jarre; nor his reason in frame, whose sentence is preposterous; nor his Elocution clear and perfect, whose utterance breaks itself into fragments and uncertainties.

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