Peter St. Onge
๐ค SpeakerAppearances Over Time
Podcast Appearances
You should let them choose what job they want.
You should let them start a business.
And the general job of the government was to stay out of the way because anytime the government got involved, it was going to screw it up.
So there had to be a darn good reason for the government to get involved.
Like if a crime is being committed or if it's a war or something like that.
Keynes, on the other hand, he was the standard bearer for an idea that's lasted almost as long, which is that government can do it better.
And of course, you know, there's always a constituency for this because government is corrupt.
And so certain people are going to think that they can bribe government and then they can get special privileges so they can get, you know, trade protection or they can get money handed out to the industry and so on.
So Keynes was willing to be that guy.
Predictably, of course, governments wanted to fund departments and professors who were pushing this pro-government narrative.
Today, when you go to a university, Keynesianism is dominant.
Basically, it says that no matter what the question is, government has a role to play.
Of course, the problem is government is made of men.
It's made of people.
We all understand that companies can't be trusted.
They're going to try to rip you off.
They're going to try to charge you more money.
They're going to try to stiff you.
But of course, why would governments be any different?
People who go work for the government do not get purified in some ritual where they're Jedi council now.