This post is for those who know a little economic theory history, it won’t make sense to anyone else. A great article on why Keynesian economic theory is so incredibly stupid, and yet almost everyone is returning to it.
Simple logic would dictate that excessive spending and loose lending standards caused this crash so excessive spending and loose lending standards cannot possibly cure it. Indeed it is axiomatic that the problem cannot be the solution. The concept is so simple that Keynesian demagogues cannot see it.
Just so. I can’t believe the idiots who keep throwing money at this crisis and when it doesn’t work (and indeed, makes the situation worse), they decide that they must not have thrown enough money at it. Laughable.