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To: palmer
True.

Keynesian economics hates savings and defends attacking it anyway the Gov't can.

They believe spending, not savings, drive the economy, when in fact, without savings, there is no capital investment, and thus, nothing to buy!

43 posted on 03/17/2013 5:02:09 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: fortheDeclaration

Sadly the Keynesians appear to be correct while they hollow out the economy with their cheap money. The short term economic bounces are all about one last debt-fueled binge of spending and speculation. There are few investors anymore, just a herd following trendy sectors and stocks.


44 posted on 03/17/2013 5:10:21 PM PDT by palmer (Obama = Carter + affirmative action)
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