| Egberto Willies "Progressive" blogger. |
Take, for instance, the following seemingly articulate quotation; only recently, gleaned from his "Political Truths" blog:
- "You must wonder why when Supply Side economist are confronted with evidence day after day, month after month, why they still dig in to their theories. These theories have caused us to effect policies that have made this economic collapse worst. Under their theory interest rates should have been very high since last year while they are at record lows. Under their theory inflation should be at record highs while we are bordering on deflation as nobody has pricing powers. What we need is a simple explanation of these theories to the American middleclass so that we do not allow the Right (Supply Side) to make Keynesian Economic policies to be one of their boogey men like they’ve attempted to make Liberal a bad word. Just like all that is progressive and good in this country came about by Liberal thinking, Keynesian Economic Policies are the only solution to get us out of this depression in due time."
Just like, other economically uneducated and shallow thinking Americans - within our overall society - Egberto Willies doesn't really understand Economics at any fundamental level. Had he understood it, he couldn't have made such a blatantly preposterous and ill-informed statement! The Keynesian Economic Model - structured upon the writings of John Maynard Keynes - is a system whereby the naturally occurring Capitalistic Markets may be artificially manipulated - in order to obtain certain theorhetical economic results. It is neither: "Liberal," nor "Conservative," by any definition of the terms... and can only be labeled "Progressive," under certain stabilized economic conditions - where other equally important factors are already within prescribed circumstantial tolerances.