The View From 1776

§ American Traditions

§ People and Ideas

§ Decline of Western Civilization: a Snapshot

§ Books to Read


Liberal_Jihad_Cover.jpg Forward USA

Friday, June 25, 2010

The Daily Socialist - 6/25/10

Krugman’s prescription: spend now and screw future generations.

Dismissing the catastrophic costs of inflation, Krugman’s hero Keynes flippantly said, “In the long run, we’re all dead.”  One oddity is that he said this on the heels of Germany’s savagely destructive hyperinflation, caused by the loose money, deficit spending policies Keynes advocated, a hyperinflation that set the stage for Hitler’s accession to power.

Posted by Thomas E. Brewton on 06/25 at 10:42 PM
Economics • (6) Comments
Print this ArticleEmail A FriendPermalink