The Case for Austerity by Gary North: Keynesianism is in a death spiral. So is populist socialism. So is fiat money fascism. They are all in death spirals because they all reject this premise: "Lower taxes increase liberty."
Liberty will prevail. This is an eschatological affirmation. One of the ways that it will prevail is through the bankruptcy of the Keynesian social order: high taxation, high regulation, high deficit spending, and high inflation.
Let's put government on a diet. Let's have austerity where it belongs: government spending.
That is what Europe's voters do not want. That is what they are going to get.
"Not less austerity. More austerity!"
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