Thursday, March 12, 2009

Keynesian economics

"... Time after weary time, it is the mainstream and Keynesian economists (who ridicule and ignore Austrian economics as unscientific) whose predictions are utterly refuted by the events of history. Yet they continue to propound their eternal nonsense and use government coercion to force their bankrupt ideology on everyone else. As Paul Feyerabend said, "I have no objection to incompetence but I do object when incompetence is accompanied by boredom and self-righteousness." --

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