Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
More Author Quotes
- The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. β¨ Thom β¦ βΆ
- Mystical references to society and its programs to help may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.
- In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other β¦ βΆ
- One of the consequences of such notions as βentitlementsβ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace β¦ βΆ
- Although I am ready to defend what I have said, many people expect me to defend what others have attributed to me. β¨ Random Thoughts. townhall.com. September 03, 2007.
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