Economic News, Political Issues
Borrowed from Zero Hedge, via YouTube
Presenting 74 seconds of pure Krugmanism from the mouth of the man himself – John Maynard Keynes – in this 1939 (pre-war) radio address on the beginning of The Grand Experiment.
I don’t think the experiment ever ended, do you? Unemployment continues to rise and “defense” spending is at an all time high. This is the cat-chasing-his-own-tail sort of bedtime story that most Keynesian followers still believe is the way to peace and prosperity – keep buying bullets, bombs, and missiles! War is Peace!
George Orwell would be proud.
Funniest part IS: most warmongering “Republicans” scream about Keynesian economic policy when they can attach it to a Liberal/Democrat, but in reality, they, too, are followers of Keynes to a T.
Tiny URL for this post: http://tinyurl.com/cadxhst