Thursday, April 10, 2014

Justin Trudeau - The Budget WILL Take Care Of Itself

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things.
Adam Smith, Lecture, 1775, quoted by Dugald Stewart,  Account of the Life and Writings of Adam Smith, Section IV, 25  

It was a short time ago now, when the Oracle of Ottawa heard the young Justin Trudeau take a lot of heat by the members of the 'Harper Government', when he said right out loud that the budget will take care of itself. Now the Oracle of Ottawa knows that the young Justin is most certainly the 'Next One', and that what he just said was utter and proven truth. The Oracle of Ottawa had heard that line of thought before. It was mentioned by one of the great classical economists. The problem was that the Oracle could not remember which one it was. 

Justin Trudeau is right. The budget Will take care of itself...
 The answer came to the Oracle of Ottawa totally by accident and perhaps by Divine intervention, when by chance he was reading the 2005 edition of David N. Weill's most excellent book Economic Growth. The quote and author that the Oracle was seeking occurs on page 332, at the head of Chapter 12, the chapter on government. It was then a very easy step to source the quote perfectly at the Adam Smith Institute page that popped up with an elementary Google search. 

What the young Justin took so much heat over, was indeed the same attitude of Adam Smith himself! The Hallowed father of capitalism and modern economics. It must be very embarrassing to conservatives of the 'Harper Government' that the leader of the Third party (at present), knows his Adam Smith better then the lacky conservatives that claim to be his soul and authentic voice. 

Again this proves rather strongly, that Adam Smith was anything but a right wing neo-con wacko. To any one who has carefully read The Wealth of Nations in its unabridged massive whole, one soon see's that Adam Smith would be right at home as Finance Minister in the next Trudeau government! If you carefully read Adam Smith's greatest work and then read Capital by Karl Marx, Book I, you will soon come to the incredible realization that not only was Adam Smith the father of economics, he was the first Marxian, way before Karl Marx! 

                                           Soon - The 2015 Liberal Campaign Theme Song?

Proof of this is the creation of the concept of the idea of Surplus Labour, asking any right winger who the father of that idea was, will always lead to the answer that it was Karl Marx, which would be totally wrong. It was an idea, and a very true and important one, that Karl Marx borrowed from Adam Smith! Yes that young Justin Trudeau is indeed very well informed, indeed...

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