Monday, October 29, 2012

The Stupidity of Keynesian Economics, the New York Times, and why debt will choke the world economy to death

The title of this article in the New York Times is exactly why this world is in trouble, and why the whole concept of Keynesian economics is problematic.  A 6-year old could figure out overspending and over-indebtedness is unsustainable.  Why can't Princeton PhD economists figure it out?

Rise in Household Debt Might Be Sign of a Strengthening Recovery

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