Thursday, June 18, 2009

At Last: The Czar and Keynesian Theory Connection Exposed

The ongoing discussion about Scott Riddle's cattle expelling gas and causing Global Warming in downtown Hubbard continues. This weekend (that would be Saturday only) Scott fired back by sending a note to the Drug Store Liberals copying the City Cafe Conservatives. Note that the Dairy Queen Moderates were left out again because, if you remember, nobody likes them.

The note said, "These are cows. That's why they smell like cows. They smell like money to me. Get over it. Don't like it? I-20 and I-30 go east and west I-45 and I-35 goes north and south. Pick one and get the hell out of here. You guys act like a bunch of Communists."

The Communist word really sets them off at the Cafe. Seems like that is always at least a "three cup" topic. Billy Roy Meechum says, "it seems like Socialist don't mind these Czars as long as they work for the Socialist." Not having the exact figure, he thinks our new leader (Billy Roy's not sure what name the President is using these days) has appointed more than a dozen czars already, and "he ain't even warmed up yet."

Local banker and infrequent coffee drinker, Doyle Lee Wholeman, seems to always attend when the group needs some economic input. Doyle Lee knows economics, "In his early career John Maynard Keynes taught that a country could spend its way out of depression into prosperity, and that is the legacy he left."

He was just warming up, "But near the end of his life he repudiated his own prior views after witnessing the failure of state socialism in the USSR saying, “Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

Doyle Lee thinks one man's inflation is another man's deflation and that Hubbard will get the short end of that stick.

As is usual, there weren't many questions when Doyle finished speaking. In fact, what usually follows is Lewis Glenn Teagle saying, "how about them Horns?".

Think about it,


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