[cripplecreek]

Debate hell. Keynes is a proven failure who seemed to think “spend all you want and let the next generation pay the tab”.

Meanwhile, our founders were near unanimous in their feeling that leaving debt for the next generation was destructive to the nation.

[OddLane]

One of the things that continues to shock me is how even the most ridiculous suggestion, even if it's framed as a transparently sarcastic critique of Keynesianism, is embraced by the adherents of Keynes. During the last IQ2 debate, about the Obama jobs bill, Daniel MItchell made a passing reference to the economic growth rate of the early 1950s.

Which led to Mark Zandi, who supported the bill, to remark that the Korean War was a "form of stimulus."

So apparently, if we had had a nuclear war with Red China our economy would have been been in the stratosphere.