Thursday, September 15, 2011

economics

I have been giving some thought to Paul Krugman and Keynesian viewpoints and the conflict with classical and Austrian economics.  I feel that the whole aggregate demand argument has some minor merit, but regard this as a bit of a paradox.

 

I think that all the economic theories in the world can be countered with one thought:  More government spending means more wasted resources.

 

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