The Keynesian Legacy Unravels
It has ?
...Gee from my perspective...it's still the leading economic theory in Washington, Wall Street, every major paper of record, all the major academia institutions, liberal think tanks...etc...
Keynesian economic theory is far from discredited...it should be treated like the red haired step child...
posted on 12/28/2012 4:04:59 PM PST
Keynesian economic theory = bad logic = unworkable and destructive
Therefore, it should never have been called a theory.
It should have been called: a government excuse to interject itself into the economy, for political and partisan purposes.
If a theory can never be proven, or it never reaches anywhere close to the intended results, then, it's sheer fallacy and fantasy.
posted on 12/28/2012 4:54:13 PM PST
Popman, I read the article and found it intresting. I didn’t really consider it from the perspective of your reply. Your right, it’s hard to claim it’s unraveling when it’s the predominant economic theory. Thanks for bringing down to earth.
posted on 12/28/2012 5:10:26 PM PST
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