Keynesianism

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Keynesianism

Innlegg Panther 05 Okt 2010, 17:39

http://www.capitalismmagazine.com/economics/6096-The-Philosophical-Absurdity-Underlying-Stimulus-Spending.html

The Philosophical Absurdity Underlying Stimulus Spending
3 October 2010 Ron Pisaturo

Keynesianism, like Marxism, denies the role of the mind in production.

When the financial crisis hit the U.S. in late 2008, individuals realized that their savings—especially their stocks and their homes—were not as valuable as these individuals had thought. These individuals then acted rationally: they cut back on spending. They refrained from buying things that they did not need: things such as vacation trips, dinners in restaurants, home entertainment centers, and new automobiles. They cut back on these luxuries in order to rebuild their savings for things more important to them: things such as private education for their children, or a nest egg for retirement, when they would need savings for food, shelter, clothing, and health care.
Ken-G. Johansen.
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