Tuesday, July 6, 2010

Misrepresenting John Maynard Keynes

I want to repeat what I have noted before. Left-leaning Democrats love to claim they are following the tenets of John Maynard Keynes whenever they say they are attempting to spend their way out of a recession with government outlays. This is only their exclusive version of Keynes economics.

Keynes did not believe you stimulated an economy by CONSTANTLY spending and spending to stimulate. The current administration does not look at the futility or lack of success of what it has been doing. But it is dedicated to repeating much of the same. Despite the fact the public debt has us right on track to be the next Greece, or worse.

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