[Rebam98]

Thank you!

[November 2010]

The problem of economics is unlimited demand with limited supply. The implicit argument of Keynes is that the problem of economics is limited demand with unlimited supply. ___________________________________________________________ Really nice point. Basic economics is still taught, or at least in the 80's when I studied it, that wants are unlimited and supply is limited. And Keynes does argue the exact opposite. And yet his theory drives us . . . even after 10 years of a depression under Roosevelt applying Keynsian remedies. It's hard to believe that college classes sit there and absorb Keynsian theory without thinking it through and challenging the professors based on logic, economics, or history. They are just kids though.