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

[Bryan Atinsky]

You are all right...there is no way to logically reason with these people, and I usually don't even get into it, but when it is a relative, I somehow feel compelled. I should just let it pass over me and not hit my head against a thick wall of nonsense.

Sent from my iPad

On Jul 20, 2012, at 21:32, Fernando Cassia <fcassia at gmail.com> wrote:


> 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
> 
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