If I had to name one of the top imperatives of life, here's a great one:
Government must never be allowed to choose the "winners" and "losers" of life.If government is ever allowed to pick the winners or losers, then that government will be rife with corruption and deception. Protected monopolies spring up. Favoritism becomes the only rule by which anything can be predicted. Innovation? No need. Just find the right butt to kiss and you win.
On the other hand, when the market - made up of We the People - chooses the products and services it likes best, freedom abounds. Competition thrives. Innovation blossoms. It has to, because it has to answer to every one of us, and not just to some greased palm of a bureaucrat in charge of an industry.
John Maynard Keynes, one of the ivory tower morons of the 20th century, loved the notion of "full employment." What is that? It's this: if you can work, you do. And if no one has a job for you, then the government will create a job for you, and if need be, it will create a deficit to pay you your wages.
That is such utter stupidity that it ignores a vital truth of life:
Many small businesses are started by the unemployed.If I'm happily employed by some big corporation and I get nice benefits and a salary that's good for me, I have absolutely zero reason to start my own business - unless I'm just itching to be my own boss and risk my good standing in life. The unemployed - well, they're more desperate. Risking? They're more open to it. And then they start pushing themselves to greater things. In short, they hire themselves. They have to - no one else is.
And you know what? Small businesses are the jobs engine of the nation. (Or at least they used to be - before the era of our resident Super Genius. Now it's the government... but I digress, while actually making my point...)
Keynes - swell thinker that he was - would take all of that away from us. The unemployed would never be unemployed. Heck no... some bureaucrat would instead give the unemployed some job that the market never demanded and that the unemployed would never have chosen for themselves. Genius! Bonus points go to the bureaucrat and politician for penalizing any initiative and self-starting nature of those who try to start businesses.
Ever heard of the saying, "Stay hungry, stay alive?" When a person is unemployed, they get real motivated real fast to change gears - unless of course the government gives them years of unemployment benefits. Then there's no reason for motivation at all.
If I had to pick the most over-inflated brain of the 20th century, FDR would be my first choice. But Keynes is an awfully close runner-up. Thanks to Keynes, we're soon to see our nation's deficit overtake our GDP.
I just had to call bullshit on him and his overhyped status in American culture.
When government artificially props up the market, it's picking the winners and losers and it stops any incentive for invention and creativity. If you believe that America should be governed by We the People, then you would stay true to your principles by rejecting Keynes at every turn.