John Maynard Keynes is the man of the hour, the toast of the media. It seems like everyone has forgotten (or doesn't know?) that Keynesian policies are doomed to fail; they are wrong in theory and in practice. Here's a good (and admittedly pedestrian) video on why that is.Tuesday, December 16, 2008
The Patron Saint of Redistribution
John Maynard Keynes is the man of the hour, the toast of the media. It seems like everyone has forgotten (or doesn't know?) that Keynesian policies are doomed to fail; they are wrong in theory and in practice. Here's a good (and admittedly pedestrian) video on why that is.