Sunday, May 24, 2009



Austrian Recipe vs. Keynesian Fantasy

The Keynesian fantasy is really a monomania because ultimately it is a fixation on a single panacea - more government spending

... ok, lets agree on the fact that keynesian policy used to finance banks does not work ...
... it would work if the government was able to microfinance citizens ...
... in the libertarian fashon suggested by einaudi ...
... but apparently the government uses only keynes for banks ...
... so, won't they nationalize the federal reserve and the FDIC ...
... let the banks go bankrupt AND nationalize them ...
... the banks have unquestionably proven that private banking ...
... produces only scams, crisis and wars ...
... so is time to close the amusement park ...
... let the private sector do what it does best ...
... produce commodities ...
... instead than help them to make profitable ...
... to take the western world economy in the mud ...
... with banking policies that look like ...
... the las vegas roulette ...


# posted by intcoex : 1:00 AM




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