[zerosix]

I know that about Keynes. I read "The Road to Serfdom," Adzm Smith and others.

I mention Keynes as beltway folk seem to make him their god, of course most of them are too dumb to know anything about economics of any kind, they only listen to "brilliant minds" like Paul Krugmann.

[arthurus]

Krugman. That is one man whose name seems to say it all. The problem on a governmental level is that all of the "\economists" on the government payroll and most of the "economists" in the liberal think tanks are finance specialists, not economists at all. They got MBAs and think they know Economics, Actually they may have got one survery course in Economics that just superficially described the "systems" that were "out there." Finance men are very good at figuring out how to move money and assets in desired directions but are mostly ignorant of how it all works. Because they are good at making themselves and their employers wealthy they think they know how econơmies can be made to work. Bexause they usually latch on to Keynes whose sole purpose, if he had one, was to justify government by Experts, they are honey to the politicians who then fancy that they can magisterially and efficiently direct economic growth and the flow of assets and wealth to the betterment of Society and their own vaults.

[arthurus]

Did you know Reagan had an actual bachelor’s degree in real Economics? He was the only president in recent times to understand the subject. You have to go back to Coolidge and Harding for others. It is a dull subject. Dynamic people, and politicians tend to be dynamic people, don’t have time for boring stuff like that.