How do we defend our values and win the political argument? Good policies can’t win with a malleable electorate where false ideas prevail for votes.
“The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.” ~Thomas Sowell
From: Ch 16 “Who Supports The Scandal”
“Keynesian college professors lecture glowingly about demand creating its own supply, the fiscal multiplier, and the marginal propensity to consume, sometimes using textbooks they write and then require their students to buy. If not their own, they use ones written by one of the many economists who “furthered” Keynesian ideas and became the left’s scholastic champions. All the computations, the arithmetic, the formulas, and the neat looking graphs only train their students through leftist political indoctrination by faux economic theory.
The farther along students go into their costly Keynesian Economics educations, the more they put numbers into equations that don’t work in the real world. The academic laboratory of higher education creates the most confused among us because the students believe professors with no practical business experience. Once they graduate, they have the power, the credentials, and the societal positions to confuse the masses. If they do well enough, maybe they’ll become professors and pass the theories right along.
Erroneous inputs equal corrupted outputs, and theories that don’t account for real-life variables or take into consideration our humanity apart from “animal spirits,” ideas that don’t consider the business person’s decision-making behavior, mislead. It’s the foundational economic truths that most easily expose Keynesianism. If the consumer doesn’t drive the economy, all their arithmetic is worse than worthless: it’s deeply deceptive.
Entrepreneurialism drives the economy; consumer spending is only a gauge to measure successful entrepreneurial activity. Economics is trade between two or more parties with something of value that gives them the power to exchange. Commerce comes from production–unless someone else provides for another, they borrow, or steal, so they have something in hand for consummation, they can’t trade for what they want or need. The consumer must first produce something valuable for a transfer between the parties.” P. 220-221 https://www.amazon.com/Economic-Clarity-Political-Confusion-Classical/dp/0578430215/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1547765974&sr=1-1