[lbo-talk] "Obamanomics: The Final Nail In the Discredited Keynesian Coffin"

[Fernando Cassia]

On Wed, Jul 18, 2012 at 4:30 PM, Bryan Atinsky <bryan at alt-info.org> wrote:
>
> http://www.forbes.com/sites/peterferrara/2012/07/12/obamanomics-the-final-nail-in-the-discredited-keynesian-coffin/3/
>
> Keynesian economics is the false vision of human action which says the way to promote economic recovery and renewed growth is through increased government spending, deficits and debt.  If that sounds nuts, that’s because it is.
>
> "The idea is that the increased government spending and deficits will increase demand in the economy for more production, and that producers will increase supply to meet that demand, hiring more workers and reducing unemployment in the process.  Keynesian economics arose in the 1930s in response to the Depression.  It never worked then, as the recession of 1929 extended into the decade long Great Depression.  And it never worked anywhere it’s been tried since then, in the U.S. or abroad"

Waitaminute.... I think I read the author of this piece before....
maybe it's the same one who authored this
enlightening graphic I found at 4chan ?

http://img43.imageshack.us/img43/8917/economictheories.jpg

Yes, sounds like the same asshole. ;-))

FC