Keynesian economics vs Friedman economics

The opposite of Keynesian(John Maynard Keynes) economics is Friedman(Milton Friedman) economics in my opinion the reason for Keynesian economics in today’s society is to build undeveloped nations without exploiting them(Yea right!). In a world where globalization is the business Friedman economics would enable more blatant exploitation of undeveloped nations.

Everything on planet earth comes back to education which is always under attack in every country. Being that the world for the most part still uses the Prussian education system; corporations, the rich and the wealthy are still controlling the way most people view education, unionized teachers unions are controlled by the wealthy whether it be directly or indirectly and this happens because of Keynesian economics

With that said the major downside to Keynesian economics is the eventuality of a one world government which is what people in the know are fighting against. Keynesian economics inevitably attacks and challenges cultures as whole economies become consolidated an example of this is Euro(€) .

What do I prefer? Obviously I prefer Friedman economics HOWEVER… The only way to get a large percentage on board with Friedman economics is financial and economic education.

But as we all know general self interest keeps the truth from getting out because major corporations, investors and people in general prefer ignorance over truth which is why most people(yes, corporations are people too!) have taken the position to profit from Keynesian economics which is why there are so many BIG CORPORATIONS that basically follow where the money is going; it’s a lot easier today to follow where the money is going based on government policies.

As an example the being the president of the United States plays second fiddle to Chair of the Federal Reserve. With that said once you understand the free market economy it’s easy to see why the rich are getting richer and why the world is falling into a welfare state.

As an example lower prices for goods and services in Keynesian economics is looked at as Deflation where as it would be considered capitalism in the Friedman economics(free market).

It would be harder for corporations to follow where the money was going if the world was using Friedman economics. However with that said if the money supply shrank or grew with limited government intervention the have nots may find themselves with little to no options which in turn could lead to people revolting against their government.
If it’s one thing history has taught politicians is that they must find a way to keep the majority feeling like things are getting better.

With that said like it or not most people especially in developed nations are LAZY and would rather have someone else do the thinking for them, which is why society is progressing the way it is. In the end it’s your job as the reader to look out for yourself, you must educate yourself and look for those you care about in this Keynesian economic state we’re living in.

For a more in depth understand of Keynesian & Friedman economics click the links below.