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Old 05-15-2011 | 09:25 PM
  #2  
threeighteen
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Joined: Dec 2010
Posts: 3,195
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From: 4A2FU
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Agreed.

Keynesian-ism is going to destroy this country's sovereignty and currency, and yet people still worship it.

You can't boost aggregate demand (Y) just by increasing government spending (G) to counteract a lack of consumer spending (C). The Keynesian Model (C+I+G=Y) works for calculating aggregate demand, but not for manipulating it. In order to boost it, you must increase C, I, and G at the same time. To thing that one can do otherwise is a complete disregard of how humanity works.

Great vids:

YouTube - "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

YouTube - Fight of the Century: Keynes vs. Hayek Round Two
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