1. Government allocates capital better than the private sector, and should use interest rates, exchange rates, price fixing, price controls or whatever artifice it deems fit to ensure that capital goes to where it is properly directed.(full story "Our Society's New Official Religion" at directorblue.blogspot.com)
3. Money belongs to the government, as we have seen properly demonstrated this week in Cyprus.
7. Services or goods provided to the population by the government, borrowing money from the central bank to pay the fellows who produce the goods that nobody needs with money that does not exist, will add tremendously to the GDP. This is a sure sign that the right policy is being pursued.
8. These goods and services anyway have a higher moral value than the ones produced in the private sector. One should simply compare the "social usefulness" (a favorite notion of Lenin and Stalin) of a nurse versus a hedge fund manager to be convinced. I rest my case.
Nothing New or Progressive Here
Obama's Liberal-Fascist orthodoxy apes the failed policies of the past