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PAINFUL: Paul Krugman Admits He ‘Badly Underestimated Inflation Risks’
NewsBusters ^ | 6/27/2022 | Joseph Vazquez

Posted on 06/27/2022 7:50:57 AM PDT by JV3MRC

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To: rb22982

Socialism/communism and Keynesian Economics both fail for the same reasons.

They enable Control Freaks and ignore human nature.


81 posted on 06/28/2022 7:11:34 AM PDT by Basket_of_Deplorables (Putin is behaving rationally.The war is on Biden and Obama. )
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To: Basket_of_Deplorables

Again, Keynesian has never once been remotely attempted in the history. Spending more government money wasn’t new to keynes. The entire point was government could balance by spending less than normal in the boom times and save the money to spend and balance it out. Instead, all we have done in the western world since 1930 is increase spending every single year.


82 posted on 06/28/2022 11:02:58 AM PDT by rb22982
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