Keynesians are Pollyannas following the Primrose Path down Alice in Wonderland’s Rabbit Hole while playing Ponzi Poker with the Queen of Hearts. The Market is not going to be kind to those suckers.
Tucci78
January 2, 2016 1:59 pm
Keynesians are fucking thieves whenever they get the opportunity to do so against victims incapable of retaliation, and schemers at thievery whenever the lights are on and people can catch them a-scuttle.
Talk about a toxic meme….
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It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it. But the basic reason for this ought not to be mysterious. The reason is that the demagogues and bad economists are presenting half-truths. They are speaking only of the immediate effect of a proposed policy or its effect upon a single group. As far as they go they may often be right. In these cases the answer consists in showing that the proposed policy would also have longer and less desirable effects, or that it could benefit one group only at the expense of all other groups. The answer consists in supplementing and correcting the half-truth with the other half. But to consider all the chief effects of a proposed course on everybody often requires a long, complicated, and dull chain of reasoning. Most of the audience finds this chain of reasoning difficult to follow and soon becomes bored and inattentive. The bad economists rationalize this intellectual debility and laziness by assuring the audience that it need not even attempt to follow the reasoning or judge it on its merits because it is only “classicism” or “laissez-faire,” or “capitalist apologetics” or whatever other term of abuse may happen to strike them as effective.
— Henry Hazlitt, Economics in One Lesson (1946), Ch. 1. The Lesson
bb
January 2, 2016 3:36 pm
Stucky , even Jewish Austrians are awesome like Mises. See I don’t bash all Jews.Only the ones trying to destroy us.
Austrians are fucken’ AWESOME !
Trust me on this.
Obama is a natural born Keynesian.
Keynesians are Pollyannas following the Primrose Path down Alice in Wonderland’s Rabbit Hole while playing Ponzi Poker with the Queen of Hearts. The Market is not going to be kind to those suckers.
Keynesians are fucking thieves whenever they get the opportunity to do so against victims incapable of retaliation, and schemers at thievery whenever the lights are on and people can catch them a-scuttle.
Talk about a toxic meme….
================
It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it. But the basic reason for this ought not to be mysterious. The reason is that the demagogues and bad economists are presenting half-truths. They are speaking only of the immediate effect of a proposed policy or its effect upon a single group. As far as they go they may often be right. In these cases the answer consists in showing that the proposed policy would also have longer and less desirable effects, or that it could benefit one group only at the expense of all other groups. The answer consists in supplementing and correcting the half-truth with the other half. But to consider all the chief effects of a proposed course on everybody often requires a long, complicated, and dull chain of reasoning. Most of the audience finds this chain of reasoning difficult to follow and soon becomes bored and inattentive. The bad economists rationalize this intellectual debility and laziness by assuring the audience that it need not even attempt to follow the reasoning or judge it on its merits because it is only “classicism” or “laissez-faire,” or “capitalist apologetics” or whatever other term of abuse may happen to strike them as effective.
— Henry Hazlitt, Economics in One Lesson (1946), Ch. 1. The Lesson
Stucky , even Jewish Austrians are awesome like Mises. See I don’t bash all Jews.Only the ones trying to destroy us.