Up is Down and We Have Always Been at War With Oceania
President Obama’s trillion dollar spending package, which under even the most superficial examination is designed to stimulate Democrat votes in 2010, is being championed as Keynesian salvation.
Aside from the fact that FDR’s so called Keynesian spending in the 1930s did little or nothing to stimulate the economy, Professor Mario Rizzo says that today’s deficit spenders have gotten John Maynard Keynes all wrong. Here’s a quote from Rizzo’s article Taking the Name of Lord Keynes in Vain.
“Keynes opposed immediate, short-term stimulus in 1937 when the British unemployment rate was 11 percent—much higher than we are experiencing today.”
Quite the opposite of what we are being told by government spokesmen and the media.
Worth the read to help understand the arguments that are being used by our political betters to wreck the US economy.
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