Originally Posted by Brainiac
I've said in the past on this site that Keynes is undoubtedly spinning in his grave in horror at how his economic philosophy has been twisted and distorted by the current gang in Washington. Keynes proposed intentionally running surpluses in good times and deficits during economic downturns. He didn't propose running trillion dollar deficits every freaking year and having the government provide everything from the cradle to the grave.
Referring to Obamanomics as Keynesian is akin to saying that Scott ***** is running the Chiefs just like the New England Patriots.
Here's where Keynes screwed up though: He trusted politicians with money. It's a system that enables politicians to spend. This one point alone makes it fundamentally flawed. Central planning, a plank of socialism, never works. Never.
Before you read the “Outside The Lines” report, consider this:
Taping the opposing team’s sideline still isn’t banned; only taping the opposing team from the sideline is illegal.
Also remember this:
Taping the opposing team from the sideline wasn’t banned until 2006, yet the report cites examples as far back as 2000. ~NESN