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Why Keynes was wrong
Tuesday, January 13, 2009
Fed Chairman Ben Bernanke's speech earlier today, in which he details the many reasons why only the government (and its central bank) can save us now, is a bit longish - have a look at this from the Center for Freedom and Prosperity Foundation in the meantime.
2 comments:
Tim 1 you even dubunked one of those charts Cato showed in the video trying to prove Keynes wrong.
2. They say it is redusribution but during a recession we have idol people looking for work.
3. What Clinton did was Keynesian. Reducing the deficit during good years. They claim Bush is Keynsian. Nope he is a supply sider.
Keynes was wrong, Most economists will agree with that. The ones that don't are largely stuck in the past.
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