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I wish Keynesians had heard this before recommending their stimuli
Monday, July 23, 2012 12:11
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The West has been wracked by a serious disease over the past few decades, even as the liberty promised (e.g. to America in 1776) was slowly re-asserting itself.
The disease is known as Keynesianism, which (regardless of what Keynes actually said or meant – for that really doesn't matter in the end) has a SINGLE POINT solution to any “problem” – more and more government expenditure, more and more government bureaucracy.
The trend is clear:
If only Keynesians had understood this THREE minute video:
Read more at Sanjeev Sabhlok’s Occasional Blog-Economics
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