August 3, 2013

Rep. Keith Ellison needs to be tossed out on his ear

From CNS News:
Rep. Ellison: �There�s Plenty of Money, It�s Just The Government Doesn�t Have It�
Rep. Keith Ellison (D-Minn.) told a gathering of Democrats, �The bottom line is we�re not broke, there�s plenty of money, it�s just the government doesn�t have it.�
The sad thing is that Representative Ellison probably actually believes this Marxist claptrap. Marx's biggest failing is that he thought that there was a fixed pool of capital and that the inequities in the world were caused by improper distribution. This is munitions-grade stupidity. Capital is fungible -- it can be created; it can be destroyed. When Jon Corzine cratered MF Global and lost the tens of billions of dollars of investors money -- where were the trucks that took it away? When a single mom created a multi-billion dollar business* out of thin air, where were the trucks? *J. K. Rowling Posted by DaveH at August 3, 2013 8:36 PM
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