Stimulus Unmasked

Wow! This is a great explanation of the problem with Keynesian economics! Keynesian thinking, of course, is the justification for stimulus packages and is very popular with politicians because it allows them to reward their cronies while appearing benevolent. The problems with this are well known by many economists, but Erik Voorhees offers an explanation which is easily understandable by average people. This belongs in my Hall Of Fame.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: