Posted in American Presidents, Bailouts, Currency Manipulation, Economic Issues, Free-Market, Government Spending, Government Stimulus, Interest on the Debt, Keynesian Economics, Liberty, National Debt, News From Washington, DC & Related Shenanigans, Policy Issues, Progressivism, Tax Policy, U.S. Security, Uncategorized, Wealth

Krugman: Don’t Worry About Debt; We Owe It To Ourselves

John C. Goodman
John C. Goodman

Krugman’s way of thinking could apply equally well to acts of crime. Suppose I steal $10,000 from you. My wealth goes up. Your wealth goes down. But the wealth of society as a whole hasn’t changed at all. Right? Wrong.

Remember the original Jamestown colony? In 1607, it started out as an experiment in socialism. “We” really did own everything collectively and “we” nearly starved to death. But then a new governor substituted “mine” and “thine” for “we” and the colony began to prosper. Who owns what and why and the ability to be secure in what we own is hugely important for growth and prosperity.

via Krugman: Don’t Worry About Debt; We Owe It To Ourselves.

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A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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