Reply to "Maynard Keynes was a homosexual - you knew that of course."

miamizsunHall of Famer

quote:
Originally posted by interventor:
Keynes, as he predicted, is dead. The Austrian or Chicago school of economics long surpassed his idea of a command economy. The idea that Government can manipulate a market with success over a long period showed cracks in the US and is dragging most of the EU down.

I totally agree. Encouraging the government to spend money it does not have is foolish in the long term. History proves this out.

Where does the government get money?

1. Taxes.

2. Borrows from other governments or it's citizens.

3. Let's the Fed print it out of thin air and then borrows it.

And if government has shown us that it is grossly incompetent, why in the world would we give it the power to waste any more money?

4/10/079:57 AM

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