The Legacy of Keynesianism

As we wait for the other, or more accurately the many other, shoes to drop, blame flies in all directions. The reality is there is only one place for it to rest. Temptation of that which glitters can be strong, and our leaders have fallen under the spell.


What is happening in the world markets is the utter climax of supply-side economics. Trickle down theory is a lot like the most beautiful woman in the world working as a prostitute, asking only pennies for service, in all the neighborhoods.

So seductive, so sexy, and so within your means that you succumb. Few can resist her.

She is beyond compare, the experience unequaled. Those who enjoined her charms tell others. The line for her wiles grows.

The problem resides in the fact she charges so little for she is disease-ridden. Once you partake, the disease begins to eat away at you. Slowly at first, almost undetectable, the disease grows.

Soon, others you know have also fallen for her charms. The disease spreads, everyone infecting others, especially loved ones, until the first infected begin to outwardly show signs of deterioration. All the others, whether directly, or indirectly infected, ignore the signs for they will not acknowledge the ugly truth. Surely their ailments are not that. Surely there is an easy cure.

The secret must not come out.

Unfettered, the disease reaches proportions beyond control. The beautiful prostitute dies, yet the disease grows. Those that partook deny involvement. Those that are but innocent participants refuse to believe their beloved infected them, even as the symptoms grow.

Simple, ineffective cures are tried. An aspirin here, some antibiotic there. Even more of the same is tried as the healers suggest another trip to the den of iniquity may cure the infected, just as the disease started, so may it end. Of course it does not help, but spreads the infection yet further.

All the while the healers remind all those that enjoined the beautiful woman of her great charms, and did they not want those again? They respond "Yes, Yes, we want those charms again."

Soon the infection is complete. Almost all who joined in the activity, whether guilty of sin, or not, will whither to dust. All who played no part will suffer the same fate.

The few who survive were those who created the infection, gave it to the beautiful woman, and then made her a prostitute. Yes, they also partook of her charms, yet were guarded by the prophylactic, only passing the risk on to the next in line. The few never raised alarm, nor warned of the risk, because they were able to sell tickets for the line.

As the infection grew, these few took the treasures of the infected. Their vaults busting at the seams, these few just built more vaults, all the while telling the infected all was good. Society is strong, resilient, and will be better than before.

Of course, society was in trouble. Resilience was less than needed. Society would not be better than before. The many who never even saw the beautiful woman would suffer the most. Yet, all would suffer, except the few. The world would be changed, dramatically, forever, all in the fews' favor.

All because the few wanted more than they should have.

All because the many wanted to be like the few.

The many believed the swan song of the few, thinking they could not be like the few if they did not believe.



The world is close to the end of this story. The only way this ending changes is the many gather and change the few. The few must be held accountable, and their system denied. The other shoes of the world markets are very close to dropping. The many does not have much time left.