Another question is one of the timeline. All these people saying massive inflation is coming any day now are missing a few key ingredients I think. For it to happen you need low unemployment rates and rising salaries - neither of which is happening or is likely to be the case for quite some time. I mean, you just can't have inflation when the unemployment rate is at such a high level, people are getting laid off left and right, wages and income are stagnant or dropping, etc.
That is a Keynesian myth that was shattered in the 70s with stagflation.
Keynes' theory of inflation via government spending, was to erode the purchasing power of the currency, so that while workers nominal wages rose, their purchasing power declined, making them cheaper in "real" terms to hire. It was debasing the currency to create jobs through lower (real) wages.
This didn't work in the 70s (or at any time) because low wages aren't enough to create employment. You still need investment in business to create a need to hire the now cheaper workers.
Keynesian economics doesn't have a useful capital theory, and so the role of investment is not understood within the macro economy. By debasing the dollar, savings were also debased, which decreased the amount of capital around to invest in creating jobs. Only by raising interest rates in the early 80s was the US economy able to re-capitalize and invest to create the tech boom of the 90s.
There is no shortcut or legislative policy that can create jobs. Jobs are created in the marketplace, not by government fiat. What the government can do by interfering in the market, is create unemployment and economic stagnation.
Forgive me for my ignorance, but isn't this what private schools are? Maybe I'm missing your definition of education. I do agree with you on the other two points though.
I don't understand the question. Private schools are what? Private? They are still regulated by the government (not the market) and they have to compete against state schools, which get their funding without having to compete on quality. So while yes they are an improvement, and proof that education at a high level can be provided privately (FYI, private school is actually cheaper per student than public school in many cases), they are far from the ideal of a free market in education, where the parent and the student decide what they want, and how much they will pay for it.
