Yes I meant Austerity. Supply side economics is a better candidate for your description "command economies" than for stimulating aggregate demand. I don't believe there could be a better way of ending recession than Keynesian. I will admit, it isn't good long term, but before it is out, measures need to be taken to prevent Jeffersonian fears from remaining forever. I don't see the logic in forcing a reset by shifting to anarchocapitalism when there is no aggregate demand, what good is a free market with no customers?
That still doesn't address the issue of the consolidation of finite natural resources.
By the way, I love a good economics debate, but Deprave didn't have the patience, I'm not easily convinced.
the finiteness of resources is NOT our current economic problem, thats a looming shadow on the distant horizon which can be solved through technology if the technology is allowed to progress (distinctly different from Progressive)
a national economy is not so different than a household economy. if the budget for the household stays within it's means the economy buzzes along, children can be born reach maturity, get jobs or do work increasing overall productivity for LESS than the energy input of a single dude crouched in a cave trying to chew the last of the gristle off a bone.
more people doing work means the work gets done more efficiently, and as a result we can feed clothe and house far more people using LESS resources per unit (person) than we could even 40 years ago. (this includes agricultural area, food energy petroleum fertilizers etc, EVERYTHING uses less now than it ever has to give the people MORE shit than ever. untill gene rodenberry's "replicator" technology arrives and allows us to make shit from energy drawn from clean abundant antimatter reactors, shit is pretty good from a not dying in the street perspective.
when the household (or nation) destabilizes its economy by indulging in debt (which results in debt service which is an endless hamsterwheel of loss) or profligate wasteful spending on some boondoggle with hidden future costs not properly prepared for then shit gets quite chancey, and the new children born to the household may have to wear hand-me-down clothes or maybe only get a diaper change every other excretion. if the shit is REALLY FUCKED then the kid might have to start working in the fields at 8 years old just to keep the family in bread and baloney. (like i did, and like millions of poor kids before me) this situation may be common historically but it was unheard of in the last two generations before my birth. children were supposed to run around the idyllic neighborhood with cap guns and howdy-doody cowboy vests or watch endless hours of captain kangaroo, not weed tomato feilds or pick melons every afternoon till the sun went down. this situation is the result of an unbalanced household economy caused by a simple economic reality.
more kids in pampers and schoolbooks than the economic engine can support. or in the parlance of economics: liabilities exceeded funding. two working parents can support 6 kids, one working parent cannot, net result, austerity, unpleasantness and belt tightening. the only way to make it through tough times (for a household or a nation) is austerity, reducing expenses in the place where the cuts deal the least damage and the least pain. thats the austerity needed, not the fake keynsian idea of cutting social services till the poor can feel their rib bones scraping their spines and they will do ANYTHING to end the pain, which is the austerity currently being practiced by leftists in greece spain and california. they cut cut cut on the programs and services that matter to keep the bullshit like "high speed rail" and ecologically dubious solar power experiments while the people on the fine edge of the abyss suffer. thats not austerity, thats politics.
you cant stabilize a tight money situation with "austerity" that cuts back on milk, bread, pampers, lights and heat while increasing funding for cigarettes, beer, spinning rims and jewelry. you may be able to cut the bottom line, but it wont do shit for your problems and the essential shit that you cut back on in favour of useless luxuries will have to be put on a credit card anyhow, but thats off budget so it's Future Me's problem right?
the republicans have their own version of Jerry Moonbeam Brown's demented vision of "Austerity" and it focusses on spending more and more for military power than will hopefully never be used, but it MUST be used every now and again just to "prove" it's needed. neither side really understands how to run an economy in good times or bad, since more money means more profligate spending, and less money means... well... more profligate spending to spend your way out of the hole you dug with the profligate spending in good times.
the left (and to a lesser degree the right) spend all their effort and energy pointing fingers at the other side and shouting about this spending or those tax cuts for that group that doesnt vote for my side, while ignoringh the fact that washington takes in quite enough revenue to balance the budget, cut taxes and keep programs that are needed and even simply WANTED by all the various groups just bu cutting the waste, and trimming the useless bullshit that nobody really wants (like high speed rail in california) but only serves as a place to dump scads of money to pad the pockets of a few wealthy contributors and a few shady contractors.
Real Austerity works every time. fake austerity that forces necessary expenses onto debt and pretends everything will work out when you finally get a winning scratcher ticket NEVER works.