Thread: Economic Suicide the Keynesian Way

Liberal icon John Maynard Keynes, insidious poison of Keynesian economics

Economic Suicide the Keynesian Way

By Jim O'Neill
Tuesday, November 16, 2010

“By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…and while the process impoverishes many, it actually enriches some…. The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose.â€

Just listening to the Clark Howard program tonite. He said that the movement of freight has been steadily increasing over the past year, and is ten percent higher than last year. This is an indicator of economic recovery, according to the renowned "Dow Theory." So I guess there will be continued argument between liberals and conservatives as to whether Keynesian stimulus produces economic growth.

However, I'm not so enthused about economic growth, anyway. It just brings population surges and more crowding.