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The Blindness of Modern Economists

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ECONOMICS ONE, OH ONE
DailyFeed
"What kind of person would describe the Keynesian logic as “airtight”?" As it turns out, this kind.

But then there's reality: "[Keynesian economics] has had failure after failure, with the latest set of failures only being the latest in a long line."

I know that you, like me, want to spend The Sixth of July Holiday, which no one quite celebrates the way Americans do, reading about the tragedy of Keynesian economics. Especially when it's coming from a pretty cool Australian culture site.
POSITION:  No positions in stocks mentioned.
TAGS:  ECONOMICS, KEYNES, WE ARE DOOMED    SOURCE:   Quadrant

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