Monday, September 12, 2011

The Washington Post's Hatred of Libertarianism

Washington Post is unhappy with libertarianism:
It’s not just the 21st century they want to turn the clock back on — health-care reform, global warming and the financial regulations passed in the wake of the recent financial crises and accounting scandals.

These folks are actually talking about repealing the Clean Air Act, the Clean Water Act and the Environmental Protection Agency, created in 1970s.

They’re talking about abolishing Medicare and Medicaid, which passed in the 1960s, and Social Security, created in the 1930s.

They reject as thoroughly discredited all of Keynesian economics, including the efficacy of fiscal stimulus, preferring the budget-balancing economic policies that turned the 1929 stock market crash into the Great Depression.
The Federal Reserve system hasn't eliminated boom and bust cycles like its' promoters claimed it would. Attention columnist Steven Pearlstein: Keynesian economics and regulation is the prescription for unemployment and financial insolvency. Also, Pearlstein repeats the "myth" that Herbert Hoover slashed government spending.