Another Trump Success Story Nobody Talks About

It’s easy to say that socialism has failed. You only have to look around or know a bit of history. But there is something else that failed big time and nobody is talking about, an elephant in the room nobody sees. Remember 2008 Nobel Prize laureate and expert-of-experts Paul Krugman announcing in November 9, 2016, just two days after the election, the economic debacle the Trump presidency would bring?

“So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”

Krugman is not just another “expert” going wrong and still keeping his title, he is the personification of an important idea. I’m thinking about the mother idea of liberal economics, Keynesianism, the concept of government monetary and fiscal programs designed to increase employment and stimulate business activity by spending (freely spending other people’s money, that is). One of many consequences of the second wave, it is now accepted by most economists as part of modern liberalism. John Maynard Keynes was a member of the Bloomsbury Group, who together with Bertrand Russell and Sydney and Beatrice Webb of the Fabian Society were key players in the mainstreaming of socialism, in making socialism scientifically respectable in modern times.

Remember Barack Obama’s $787 billion “stimulus package” thrown down the drain? Or his no less infamous Solyndra scheme?

President Trump proved it was all wrong, wrong, wrong. They can’t forgive him for that either.

Published by

vdorta

Val-e-diction is a web log dedicated to expressing my beliefs and concerns regarding political, economic and social matters in the USA. I was born in Venezuela, a country famous by the proverbial beauty of its women that is a result of its racial and ethnic melting pot. At the present time Venezuela is suffering its gravest political and economic calamity in a century. Simply, socialism doesn’t work. I emigrated legally to the USA in 1979. I had studied here when young and fell in love with the country, a feeling that never faltered until I could make it my and my family’s home. I am proud of being a citizen of the United States of America, the shining city on a hill of Winthrop and Reagan, the beacon of freedom and hope for millions, the astonishing product of the only successful revolution in history. May God keep its institutions, traditions and culture strong forever. My humble contributions will try to push in the same direction.

2 thoughts on “Another Trump Success Story Nobody Talks About”

    1. Frank, gracias de nuevo por tu comentario.

      Tu juicio sería correcto solamente si se entiende el budget como algo inmóvil, como si la cantidad de dinero que el gobierno le quita a los individuos no se puede disminuir (pero se puede mantener o aumentar sin problemas), y que toda disminución de los impuestos es un regalo que el gobierno le hace al dueño del dinero. Esto sería incomprensible para un individuo del siglo XIX, pero es así como ahora se entiende eso porque hemos asimilado y aceptado el estatismo.

      Por supuesto, los republicanos son unos valientes en bajar los impuestos, pero los más cobardes en bajar los gastos. En eso, entre otras cosas, son tan liberales como los demócratas.

      V.

      Like

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