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To: sickoflibs
What you have seen transpire is not at all Keynesian economic theory. Keynes' theory required that the stimulus money to be spent in bad times be previously saved up in good times.

During the good times, how many of these alleged Keynesians were demanding that funds be saved for the next rainy day?

Exactly.

So as full of nonsense as much of Keynesianism is, the people today now promoting policy under that name are not Keynesians. They are pathological spending addicts. That's all it is. There is no grand plan or policy that girds their suggestions - there is nothing more to it than an irrepressible urge to take your money for themselves and their friends. That's ALL they know how to do, that's all they have ever done.

"They" are simple oligarchists, some under the banner of Communism, others under the banner of klepto-fascism, others cannot decide between them but prefer either to freedom and liberty.

51 posted on 08/07/2011 9:57:49 PM PDT by icanhasbailout
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To: icanhasbailout

DOWNGRADE OBAMA 2012.


52 posted on 08/07/2011 11:23:26 PM PDT by WVNan
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