Sunday, September 26, 2021

Creating Your Own Demand

 

The New Yorker, aimed at the Elites, is pondering the destruction of infrastructure to fight Global Warming Climate Change which is the result of Chinese pollution.


Those same Elites want to spend eleventy gajillion dollars on infrastructure.


The money to pay for the infrastructure will be printed.


The debt and currency debasement that has enslaved and impoverished the younger generations is being pushed by people who will all be dead soon. Dittos for the people producing the hideous results of our education industry, illustrated in the New Yorker essay above.

I always wonder if there's some element of our over-credentialed, Ivy League class who understands how parasitical this is. My bet is that there is such a group, but left-wing censorship is so strong that we don't know they exist. Voices in the wilderness, if you will.

In any case, the New Yorker article came across to me like a great example of Keynes' suggestion that we hire some unemployed people to dig holes and others to fill those holes.

Bonus Tidbit: I saw some reds gloating about Chuck Grassley of Iowa deciding to run for reelection to the Senate. Old Chuck, or rather, Very Old Chuck, is a shoe-in to win and keep that seat red. Yay!

Chuck is 88. Yay.

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Ilíon said...

==In any case, the New Yorker article came across to me like a great example of Keynes' suggestion that we hire some unemployed people to dig holes and others to fill those holes.==

Really?

LOL, and to think that for years I have been proposing that very scenario to illustrate how absurd and ultimately destructive-to-the-future the sum total of our welfare state policies are. Though, as I framed it, eventually we'd just "pay" both sets to merely sit at home, doing nothing to produce wealth.

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