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Re: the truth about Keynesian economics
Posted by **khfpl** on Aug 20, 2013 at 5:53:55 AM:
In Reply to: the truth about Keynesian economics posted by **Hippie J** on Aug 20, 2013 at 5:21:12 AM:
*Krugman Admits Keynesian “Economics” Is About Empowering the State
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*William L. Anderson
*LewRockwell.com
* August 18, 2013
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*In a recent screed posing as a blog post, Paul Krugman lets the cat out of the bag: the essence of Keynesian “economics” is giving the Political Classes more power. He writes:
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*…the hatred for Keynesian economics has less, I think, to do with the notion that unemployment isn’t a proper subject of policy than about the notion of shifting power over the economy’s destiny away from big business and toward elected officials. (emphasis mine)
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*In other words, an economy really should be the plaything of the Political Classes, as though they had the brilliance and expertise to make things any better. Furthermore, whenever libertarians speak of things like market processes, people like Krugman throw in the term “big business,” which supposedly means that the two are the same. So, either Krugman is ignorant about what we mean by markets, a price system, and entrepreneurship, or he is patently dishonest. Or both.
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*I should add that earlier in his post, he smeared Ron Paul and Rand Paul by calling them a “white supremecists.” Yep, another typical day at the office for Paul Krugman.
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*hj
I think what he said is exactly the opposite of what you are making out of it, ...
...erh ..Oooops, sorry, what *William* is making out of it because - as per usual - you are just posting "well researched info", aren't you?
Did you get this: "elected officials"?
Apart from that: yupp, calling them “white supremecists” seems to be quite fitting.Followup Messages:
- Re: the truth about Keynesian economics - **Hippie J** - Aug 20, 2013 at 5:59:02 AM
- Re: the truth about Keynesian economics - **khfpl** - Aug 20, 2013 at 6:13:51 AM
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Last updated on Aug 20, 2013