"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Keynesianism Is Not Economics
Submitted by Anthony Gregory on Tue, 2009-08-11 16:00
in
?The economist cannot know the number or size of all the cakes in the world, or when they will be eaten, but he is dead certain that whoever eats his cake no longer has it. That is more than the Keynesians seem to know. Their theory implies you cannot have your cake until you do eat it.? Column by George Koether.
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