Keynesian economics is a perpetual-motion machine for statists. The way to boost growth, they argue, is to have governments borrow lots of money from the economy’s productive sector and then spend it on anything and everything.
Even if the money is squandered on global defense against a make-believe alien attack, according to Keynesians like Paul Krugman!
Krugman also has argued that a real war is good would be good for growth since the goal is simply more spending.
Heck, Krugman even asserted the 9-11 attacks were good for the economy because governments then spent more money.
And Nancy Pelosi actually argued that paying people not to work was a great way of creating jobs. I’m not joking.
Amazing. It’s almost as if these people are secret libertarians and they’re saying crazy things to discredit Keynesianism.
But they’re actually serious. This makes it difficult to tell the difference between satire…
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Utopia, you are standing in it! 
Jan 17, 2015 @ 10:10:31
it helps to understand Keynesian economics if you wish to attack it. This writer does not have a clue.
I can’t help wondering why he forgot to mention that every country that used classical eocminics when in the GFC had a depression i.e. a drop of 10% or more in GDP!
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Jan 17, 2015 @ 12:46:34
So Paul Krugman is a fiscal conservative?
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Jan 17, 2015 @ 16:44:43
He is in good times as with Reagan but never at zero bound. montarey policy clearly is not working or there is a liquidity trap!
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