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Debt, Spending, & Keynesian Foolishness
#66
Here is more Keynesian foolishness from our little Ferret Faced fellow at the NYTimes. According to our economic genius,

Quote:All the buzz lately is that the Obama administration is “antibusiness.” And there are widespread claims that fears about taxes, regulation and budget deficits are holding down business spending and blocking economic recovery.

How much truth is there to these claims? None. Business spending is indeed low, but no lower than one would have expected given widespread overcapacity and weak consumer spending. Business leaders are feeling unloved, but giving them a group hug won’t cure what ails the economy.

Now, if you believe that Demand determines Supply, you may actually believe this. And you may even believe that lack of investment is not because businesses are afraid. But there are now many Jackasses, who voted for the Boy Wonder, who are now agreeing that he really isn't pro-business.

And Krugman thinks not? Does this tell you about the reasoning ability of this 'so called' award winning economist? Perhaps Zuckerman is wrong? Or perhaps others at the Aspen group? Perhaps he will go there and tell all of them where they are wrong.
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[No subject] - by Palladin - 03-07-2010, 09:34 AM
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