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View Diary: Why do conservatives hate Keynes (55 comments)

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  •  Their opposition to Keynes was ideological, (0+ / 0-)

    moral and personal, not technical, even though it was presented as such for intellectual cover. They just didn't like the idea of having their taxes raised to eventually pay for deficit spending that helped OTHER, non-deserving people, even if that spending ending up benefiting them in the end and giving them a higher income even with higher tax rates. Just as we reject "tax cuts that pay for themselves", because there's no such thing (at least at current rates), they reject tax increases that pay for themselves, even though the ones Keynes supported do that in the end. They're just stingy and mean, and are interested in protecting their money, not growing the economy or helping others.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sun May 12, 2013 at 07:11:13 AM PDT

    [ Parent ]

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