Monday, July 9, 2012

Robert Samuelson smacks his forehead

And it wasn't about V-8 juice.  It seems maybe Keynes was wrong.  Ya think?!  First clue, economic growth is not spurred by manipulating flows of cash.  It comes from increases in productivity.  Government shoveling money out the door with no concern for what or how it is spent doesn't increase productivity.  It harms it. QED

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