Sunday, August 14, 2016

Ben Stein Exposed as a Total Keynesian

During an appearance on FOX Business, Ben Stein attacked Donald Trump's plan to cut taxes for business.

He justified his objection by saying, "I think the evidence that tax cuts stimulate business in any kind of meaningful way at least, not to sufficient to overcome the tax revenue loss is extremely poor to put it mildly."

Only a Keynesian would think cash flow is better in the hands of government than the private sector.

He then went on to babble about inequality:
 I think the idea of cutting taxes on the rich in a time when there is so much concern about inequality is not a good idea.
He did not give any indication that the inequality "problem" is, at most,  a confused distortion.

Perhaps, he isn't aware.



  1. Good ol' "Bank Stocks" Ben... pushing the leftist republican agenda since the days of Nixon.

  2. Ron Paul explains blowback theory and Ben Stein calls it (and Ron) "anti-semitic". Ron Paul would have knocked him out if they had been in the same room.

  3. Regardless of Peter Schiff's poor recent track record, here's Ben Stein telling everyone pre-crash that everything is the best it's ever been.

    1. Thanks for the video.

      And here is a snippet from a Stein article after the bubble burst: "I have a lot more real estate than I should have. When prices were skyrocketing that was mighty sweet. Not so much now. I have a lot more stock than I probably should have. A year and a half ago, that looked smart. Now we have some stock market days that turn my stomach."

      A picture of Stein held this caption: "Ben Stein, like most of us, is not a living god on Wall Street, and consequently has not lost billions in other people's money. Whew!"

      Nah, he just gave his cheer-leading opinion on a financial show, that's all. I wonder how many people bought banks stocks on his recommendation? How many rode some of those stocks down to nothing? How many took out mortgages based on his assessment? etc.

      And yet the guy is still around because he says what big media wants people to hear. How in the world is that allowed to happen in this day and age?

  4. This is off topic, but here is Jill Stein going full MMT on how the Fed can just pay off all the student loans with new funny money (starting at 00:35). It's coming. It's coming.