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30 sats \ 3 replies \ @Undisciplined 13 Dec \ on: Why Does Government Always Make the Same Economic Mistakes? Politics_And_Law
Even Keynes thought FDR was an idiot.
The issue is that the state (politicians and bureaucrats) has already decided how it's going to behave. Keynesians' crime is in giving them pseudo-intellectual cover.
Yes, they are the court historians, economists and jesters. They just provide the necessary cover jargon for the collectivists for the pay they receive. At least, we the people know better, or at least should be able to see the results all around us and understand what is going on.
BTW, FDR wasn’t an idiot, he was doing exactly what was needed for the plans that were made long before his time. By that standard, the destructive job he did was absolutely stellar.
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They just provide the necessary cover jargon for the collectivists for the pay they receive.
They aren't generally aware of what they're doing. Most just can't really conceive that the framework handed down to them by the experts is false. They are also sure that heterodox views are deranged and probably dangerous.
I refer to this as The Cult of Respectability. The court historians and economists are confident that they're doing good science, because the important people tell them so. It literally doesn't register with them when their work proves false.
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The problem is that they intentionally turn a blind eye to anything heterodox and will not even consider, it let alone investigate it. After all, what are they getting paid for?
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