Thursday, June 24, 2010

Keynesian policies have brought Britain to the brink of ruin


Professor Kevin Dowd maps out the hole that Gordon Brown and the other Keynesians have put us in:
In 1930, Maynard Keynes wrote a splendid essay (”Economic Possibilities for our Grandchildren“) in which he looked forward 100 years hence. His musings did not age well: he anticipated that by then the economic problem – endless toil – would be resolved and we would be working 3 hour days to keep our hand in as it were, and he worried about the effects of so much leisure time and boredom on our mental health. This was the same genius who told us the government should spend its way out of recession and that in the long run we were all dead anyway.

3 comments:

Johan said...

Shopping

Ellen Do said...

Thanks for share!
---
vo sinh hiem muon co chua duoc khong
vo sinh thu phat o nu gioi
uong thuoc gi chong xuat tinh som

Anonymous said...

I think this is an informative post and it is very useful and knowledgeable. therefore. I would like to thank you for the efforts you have made in writing this article.
xe rửa đường
xe tưới nước
xe trộn bê tông
xe cứu hỏa
xe chữa cháy