America, You Asked For It!

Political News and Commentary from the Right

The Fallacy of Keynesian Economics

Dan Mitchell of the Cato Institute does a great job explaining why Keynesian Economics can’t work.

Surely, even the dimmest of big government advocates can understand this.

December 23, 2008 - Posted by | Economy | , , , , , , , , , , , , ,

1 Comment »

  1. […] If you’ve read my other posts regarding the bailout/stimulus/Socialist spending plans the last few weeks, you already know where I stand.  Ronald Reagan said it best when he said, “Government takes from the needy and gives to the greedy.”  Fred Thompson does a great job explaining why this plan-to-save-us-from-certain-death is fundamentally flawed here.  And you can see another great explanation of the fallacy of Keynesian economics from Dan Mitchell of the Cato Institute in this video. […]

    Pingback by Who are the fear mongers? « America, You Asked For It! | January 8, 2009 | Reply

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