Archive for the ‘Keynes’ tag
That Wacky Keynes and his Rule-breaking Style!
From Newsweek:
“Obama has allowed Congress to grow embroiled in nitpicking over efficiency when the central debate should be about whether the package is big enough. When you are dealing with a stimulus of this size, there are going to be wasteful expenditures and boondoggles. There’s no way anyone can spend $800 to $900 billion quickly without waste and boondoggles. It comes with the Keynesian territory. This is an emergency; the normal rules do not apply.”
Thanks for the clarification, Senator Palpatine. Can I fetch your robe and cowl from the cleaners?
Quote of the Day
From this NPR piece, Obama Gives Keynes His First Real-World Test:
“Prescribing Keynesianism to some politicians is like prescribing crack to a coke addict.”
(If they ran more of this during pledge drive week, there would be no need for taxpayer funding.)
Bailout bonanza
The only industries helped by the bailouts so far are lobbyists, out-of-work Keynesians, and AIG’s meeting planners.
