As different administrations and new presidents come into power every 4 to 8 years, the economy will fluctuate from recession to inflation. Most people blame a recession on the man who is president at the time, and praise another president for a great economy. Most people have the belief that a certain political party, whether Republican or Democrat, is responsible for the country’s economy. However, in reading the book "7 Men Who Ruled The World From The Grave" by David Breese, we find that’s not the case at all. There is one man, by the name of John Maynard Keynes, an economist who wrote an analysis of world economy after World War 2, and gained great fame, who seems to be the man who put us in this fix we are in today. The following is taken from the book by David Breese.
After the Hoover administration and the Great Depression, we began to wonder about our economic situation. Franklin Roosevelt heard of this young English economist, and consulted with him. Keynes said, "Look, it is not the reponsibility of government to have a balanced budget at the expense of the unemployed. Why should the government so penalize the unemployed? The government prints money. In fact, its duty is to go into debt in order to produce prosperity." He came up with concepts such as "dynamic debt." Government debt produces prosperity. You may not think that is too devastating an idea, but the essence of Keynes' idea was introduced into the minds of government leaders. He originated the expression, "We only owe it to ourselves."
Subsequently, beginning with the Roosevelt administration, we began to spend money like drunken sailors on a weekend in Honolulu, and we never recovered. As a consequence of Keynes' ideas, the government of the United States is now trillions of dollars in the red. The effect is inflation.
Many people in the United States aren’t worried about inflation like they should be. Remember the Weimar Republic, before Nazi Germany came to power? You had to take a wheelbarrow full of money down to the bakery shop to get a loaf of bread - the next day two wheelbarrows full, and finally things became impossible. The people were disillusioned and heartsick. Children were starving. They said, "We need a human savior. We need a ruler that can bring order out of this chaos." That human ruler was furnished - his name was Adolf Hitler. He cost the world one and one half trillion dollars and millions of lives. World wide inflation today is excused because of Keynesian economics, the worst form of economic insanity ever to be invented by the mind of man. The world today is going to experience a similar kind of devastating inflation.
Inflation will incite the uncontrollable indignation of people already inflamed against the establishment and, as a result, Western civilization could very well cry for another human savior. The Bible says that human savior will be the Antichrist.
Keynesian economics is responsible for all the economic problems we face today. We may say to ourselves, "I am prosperous. I've got money in the bank. I'm living well." But we are now living on the unearned incomes of our great-grandchildren. They will pay the bill for the way we are living today. No one is living off his own money. We are living on the staggering debt that our government built up. The unwritten law of the universe is that sooner or later, every penny must be paid.
By George Konig
Christian Internet Forum
www.georgekonig.org
Aug. 24, 2003
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