The President's state of the union last night left much to be desired. Out of the many statements, finger pointing, excuses, and rhetoric of "change we can believe in", the future does not look good for the year 2010 and beyond. Thanks to the physics of unabridged governmental stupidity, monetary gluttony, and fiscal debauchery, our nation and economy appear destined for a stagnant malaise. Where do we go from here?
Sadly, I wish I was more optimistic. The comments made by my President last night did not seem to put us on the path to prosperity. The "new economics" of John Meynard Keynes have been so clearly disproved for so long that whenever I hear an TV pundit talk about "aggregate demand" I want point a tack hammer at my temple. Do people not understand or remember history? Keynesianism did not get us out of the great depression as so many believe nor did the war. Only when government was slashed after WWII did growth occur and bring about huge gains from the private sector. Keynesianism had nothing to do with the recovery after the 1920 depression. Both Hayek and Hazlitt have taken apart Keynes from all angles, yet people still believe the myth that keeps on perpetuating itself.
The Senate just confirmed "Helicopter" Ben Bernanke who will continue to try dropping free fiat money from the sky believing it will create jobs, prop up housing prices, and fix unemployment all while simultaneously destroying the value of the dollar. While I'm sure even if he wasn't confirmed, his replacement would have been just as much a money printer and inflationist. Unfortunately, the monetary policy will most likely be our undoing before Congress gets around to nationalizing what is left of the productive sectors of our economy.
I hope and pray for a return to when the citizens and businesses did not have their hand out for any sort of entitlement, bribe, special deal, or subsidy. In that America, citizens would be left alone to pursue their happiness, be free to enjoy the fruits of their labor without feeling guilty for making a good living, be able to see their property rights protected, and enjoy the unlimited benefits of liberty manifests. My continued dream would be to revisit the policies that made this country free, prosperous, and growing. Additionally, we could learn the policies that have hijacked liberty from our country to transform it into a nation that is unrecognizable from where it was 100 years ago. .