My beeber is stuned, and detects a hugh amount of sporkweasel.
His theory may well be true, but the reason the Keynesian model is not working is due to Bam’s ineffective policies. The marginal utility of debt is negative, meaning the the economic value created by this debt is less than the cost of the debt, hence we are wasting our money.
IMHO, it really has reached the point where the Government/Fed are not capable of fixing this.
schu
The problem with this theory is that the Keynsian/Democratic economic model IS the Cloward-Piven strategy.
Keynes didn’t win all those awards for figuring out how to make a healthy economy - he won them for figuring out how to destroy the economy in a way that could provide plausible deniability for an argument that it was helping, while blocking true economic growth. In other word, Keynes was a master bullshitter, and provided a cover for Cloward-Piven Democrat thinking.
Obama is merely the front for going ahead with naked Cloward-Piven total economic destruction while claiming the Keynesian cover story, because the Democrats have to go for it, since they are finally running out of time.
Keynesian economics are an integral component to implementing the Cloward-Piven strategy. Keynesian economics are long discredited, and known to only increase pressure on government spending, services, and debt.
Keynesian “economics” is itself destructive of free markets and economies.
Keynesian “economics” is itself destructive of free markets and economies.