Submitted by David Stockman va Contra Corner blog , Here are a couple of reasons why Keynesian economists are truly a menace in today’s bubble ridden and debt-impaled world. It seems that both Harvard’s Kenneth Rogoff and Princeton’s Paul Krugman are on the global advice circuit , peddling what amounts to sheer snake oil to desperate politicians and policy-makers who have already buried themselves - so far to no avail - in unprecedented waves of fiscal and monetary “stimulus”. But never mind. The professors have a three part solution, and its more, more……and moar! To make room for more...
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