Thatcher Wouldn't Have Gone Wobbly on Detroit

Wall Street Journal ^ | 12/20/2008 | Andrew B. Wilson

[SMCC1]

"Keynsianism is proof you shouldn't 'leave economics to economists..."

[the invisib1e hand]

...nor on Britain...

[M203M4]

Yes, I read the article and agree with it. But I disagree with this phrase, "Keynsianism is proof you shouldn't leave economics to economists..."

Keynesianism is proof you shouldn't leave economics to people who put short-term political benefit ahead of long-term fiscal responsibility. Keynesianism is the triumph of the political world over the economic world. It cannibalizes the second derivative to feed the first.

[anniegetyourgun]

So true....and I love your tagline too.

[madison10]

Wall Street Journal has alot of nerve...after Wall Street itself was majorly bailed out, no questions asked.

[Arguendo]

The Wall Street Journal was less than 100 percent supportive of that bailout.

[al_c]

And Reagan would’ve fired them!

[Travis McGee]

Keynesianism is proof you shouldn't leave economics to people who put short-term political benefit ahead of long-term fiscal responsibility. Keynesianism is the triumph of the political world over the economic world. It cannibalizes the second derivative to feed the first.

Well said. When Keynes was asked what would happen in the long run if his schemes were continually implemented, he flippantly replied, "In the long run, we're all dead." Not surprising, coming from a childless homosexual. Today Keynes is dead, but we are not, and now we shall have to pay the accumulated bill.

[ari-freedom]

“The Wall Street Journal was less than 100 percent supportive of that bailout.”

unfortunately, not that much less than 100%

[sushiman]

Bush isn’t fit to shine her shoes with his forked tongue !

[Thorin]

>>>>>Wall Street Journal has alot of nerve...after Wall Street itself was majorly bailed out, no questions asked.

You are exactly right.