15

There Is No Keynesian Miracle

http://www.forbes.com

Article in Forbes bashes Keynesianism for the fraud that it is: During 2009 there was a lot of smug talk among academic and political liberals of Keynesianism enjoying a triumphant revival. But in the real world of jobs, wages and production--as opposed to the imaginary one of the chattering classes--the evidence shows that John Keynes' notion of being able to spend your way out of recession has not worked this time, if it ever did. It's important to note that ordinary voters are more sharply aware of this idea's failure than are the Western governments that have put their trust in Keynes.

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RottingNation's picture
Created by RottingNation 4 years 15 weeks ago – Made popular 4 years 15 weeks ago
Category: Economics   Tags:

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