Brad Miller's Keynesian Dead End...

polifrog


Polifrog scoffed at the much vaunted Keynesian Economic Theory by UNC-CH professors as a student in economics.

It seemed to Polifrog that any theory that proposed that savings was detrimental to the economy and that also proposed a mystical "multiplier effect" when government spends our hard earned dollars, was little more than a politician's wet dream.

The WSJ, of course expands on the Keynesian Dead end.

Brad Miller (D) of NC-13 revels in the rationalization for his policies that is granted him when basing his arguments on Keynesian economics. It is Keynesian Economic Theory that brings forth Obamacare and all other unnecessary federal spending on the grounds that it is cheaper for the federal government to spend a citizens dollars than for the citizen to spend their dollars . Reality says otherwise time and again. Keynesian Economics failed in the 30's, failed in the 70's is failing in Europe now, and will fail here too.

There is a reality out there and it ain't Keynesian.



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