The View From 1776
Wednesday, June 23, 2010
The Daily Socialist - 6/23/10
Paul Krugman, New York Times socialist propagandist, apparently believes that there should be no limit, ever, to government spending. That, per Krugman, is the great wisdom imparted in the 1930s by economist John Maynard Keynes.
That “wisdom” saw its apogee in the 1970s, when Keynesian macroeconomics gave us stagflation: double-digit inflation, high unemployment, and an economy in tatters.