tag:blogger.com,1999:blog-3758330678390419129.post6853959000721249298..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Keynes: A Deadly Ghost from the Past Who Keeps ReappearingRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-12822576098752983062012-06-05T09:13:46.564-04:002012-06-05T09:13:46.564-04:00Keynes made irresponsible spending appear "sc...Keynes made irresponsible spending appear "scientific".<br /><br /><i>Hayek: You see, another political element was that, of course, politicians just lapped the argument and Keynes taught them if you outspend your income and run a deficit, you are doing good to the people in general. The politicians didn’t want to hear anything more than that -- to be told that irresponsible spending Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26781456480116859562012-06-04T17:47:16.470-04:002012-06-04T17:47:16.470-04:00people in power like Keynes beause Keynes jusifies...people in power like Keynes beause Keynes jusifies more spending by them financed by borrowing or monitary policy.<br /><br />More spending by them is the important fact. Money is power and more spending is more power.Munchhttp://none.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86709490150983665402012-06-04T17:41:03.151-04:002012-06-04T17:41:03.151-04:00I think it's time we stop blaming Keynes for a...I think it's time we stop blaming Keynes for all these bureaucrats behavior. Yes he provided the intellectual framework for interventionist economics. But it just gave them an excuse to do what they want to do anyway.Deftnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44235057568490022712012-06-04T17:24:54.918-04:002012-06-04T17:24:54.918-04:00Personally, I compare Keynesianism to bloodletting...Personally, I compare Keynesianism to bloodletting; despite all evidence, the remedy is enforced by experts everywhere and for everything.MyFirstNameIsPaulnoreply@blogger.com