View Single Post
  #68  
Old 12-11-2005, 02:39 AM
TomCollins TomCollins is offline
Senior Member
 
Join Date: Jul 2003
Location: Austin, TX
Posts: 172
Default Re: To libertarians / Rand clones

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Keynsian economics works.

If by "works" you mean never-ending malinvestment booms and inflation alternating with crashes, recessions, and depressions characterized by high unemployment and business failures as the market attempts to liquidate those malivestments, then sure. It "works."

[/ QUOTE ]

It temporarily raises GDP at an overall cost.

[/ QUOTE ]

And this is a good thing how?

[/ QUOTE ]

I never said it was good. However, it is a nice secondary benefit when other reasons dictate massive spending.
Reply With Quote