Quiz, philosophy

I just got back from my political thought and action class. We took a quiz on Thomas Jefferson. As someone who is interested in political philosophy, especially Thomas Jefferson's political philosophy, I had no problem with the quiz. It also got me thinking. A lot of the philosophies that have come into existence since the enlightenment and the American revolution, I think for the most part, have been unfortunate. For exampke, Keynesian economics. It was a flawed method of thinking as it came out of a flawed understanding of the Great Depression. And it went on to create the "middle ground" between capitalism and socialism, which is unstable, and which lead directly to this current economic crisis. And many people become so emotionally invested in toxic ideas like Keynesian economics, that there is no possible way to reason with them. Supporters of the New Deal don't want to hear about the fact that the New Deal never created an economic boom. It did not reverse the negative economic growth. Yet, the ideological and emotional love of the New Deal in many people makes it difficulut to talk about without people getting mad. Before the Great Depression, people believed in the free market. They believed in the invisible hand. Now, its not just that they don't believe in the invisible hand of the free market, they hate the idea of the invisible hand. They don't think we reason from an objective point of view, they think with emotion.

School, economics

I'm about to get ready for english class. I'm an english major, and this is my least favorite class. I'm also doing much better in all my political classes, because I'm a political science minor. I think I want to change my major to political science for sure. Its what most interests me. Other then economics.

This next paragraph is about economics. When I took the SAT, I did best on the reasoning part. I think thats why I like the Austrian school of economics so much, because rather then using mathematical equations, it uses pure reasoning, to figure out what is going on in the economy. It does this because it believes that there are too many factors and the economy is too complex to yield accurate results when using math. I think this is true, for a number of reasons, but mostly because of the way the economy is right now. Austrian economist Ludwig von Mises pointed out early on that a mixed economy is unstable. That a "third way" between capitalism and socialism leads to an eventual collapse. I think this is true, and I think this is what might be happening right now. Especially if the government keeps overspending, trying to prop up this phoney economy. This will cause the Bonds bubble to burst and the dollar to collapse, then the government will be broke, our money will be worthless, prices will be spiraling out of control and we will have an inflationary depression on our hands. Hopefully this does not happen.

Economics is also the main reason I voted for Ron Paul in the primaries last year. He was the only one who understood where this country's economy is headed if we continue on this path of irresponsible government spending, and irresponsible Federal Reserve policies. As much as I like Barack Obama as a person and as much as I think he has good leadership qualities, I don't think he understands this economy. I think he is being pooly advised by neo-Keynesians and I do not think Keynesian economics works.

Anyay, I have to get ready for class. My roomate said its not that cold out today. I'm glad. I'm so sick of the cold. I've been dying to go to the beach. Thats one of the reasons why I'm going home to Boca Raton this weekend. I want to go to the beach.