16 Dec 2008

Dan Mitchell Blows Up Keynesianism

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Yeah yeah, this video (HT2 Pete Boettke) from Dan Mitchell is a bit elementary, but it’s not his fault that our society is enthralled by a ridiculous idea. Incidentally, the defender of Keynesianism would argue that Hoover and FDR didn’t do it right; they shouldn’t have raised taxes, just spending. And with Japan, the response is that it was too little, too late.

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