QUOTE

We must get people to reject flawed economic policy if we want a real war on poverty. LBJ’s war on poverty was no more successful than his Vietnam War — or any war since, for that matter. A national government that can print money as needed to finance extraordinary extravagance can function longer than a city, state, or private entity, but it too must eventually “file for bankruptcy” albeit in a different fashion. As we are now seeing, the bankruptcy of a nation also involves poverty for many. This situation will continue to worsen. Since poverty is a major contributing factor to the violence of excessive police militarization, some fundamentals must be understood. The economic theories of Paul Samuelson, Paul Krugman, John Maynard Keynes, and all those who claim to know how to “regulate” the economy to benefit the poor, must be challenged and abandoned.