Why Keynesian Economists Don’t Understand Inflation
Posted by richrobinson 11 years ago to Economics
Many analysts warned that government intervention after the '08 crash would just delay a larger crash and make things worse. I think article helps explain why the Keynesians will never understand.
All Comments
- 2Posted by richrobinson 11 years ago in reply to this comment.Thanks. It's a fun feature to have.| Permalink
- 3Posted by Zenphamy 11 years ago in reply to this comment.Of course they understand. They know that government has first access to the money before the inflation hits consumer market| Permalink
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- 2Posted by $ jbrenner 11 years ago in reply to this comment.Congratulations, Rich, on being this week's producer.| Permalink
- 2Posted by richrobinson 11 years ago in reply to this comment.I believe it is. :-)| Permalink
- 2Posted by $ jbrenner 11 years ago in reply to this comment.Isn't that the definition of a looter?| Permalink
- 2Posted by richrobinson 11 years ago in reply to this comment.Excellent point. I almost feel like they want to get theirs before it all crashes. I guess they think they can keep it afloat til the next generation has to deal with it.| Permalink
- 3Posted by Zenphamy 11 years agoI think the Keynesians understand inflation all too well. Combined with fractional banking, it's the biggest theft scheme ever perfected in human history. Note the tremendous gains made since 08 by those areas of the financial industry that were 'crashed'.| Permalink
