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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (109489)	1/4/2015 7:32:37 PM
From: bart13	Respond to of 219995

That's as good a description of the extreme faults and idiocies of Keynesianism as practiced as there is. There are indeed some good points about it, but the fact that it doesn't allow for human faults like greed or sociopaths or other freaks have doomed it to the sh*t bin of history, and much massive pain for humanity overall. Those who hold it as an firm ideology and able to leap tall buildings with a single bound, especially given its and its practitioners track record and massive failures at least since the early 1970s will have to deal painfully with it one day. One of the funniest and ironic things about it is that if it had actually been practiced as Keynes noted (stop over spending and increasing indebtedness when the economy is doing well), the financial crisis and all its pain would likely not have occurred. The "very best people" continue to believe in the spending and more debt myths, which is one of the main reasons why I still feel that much higher inflation and much more pain is still ahead. "We can’t solve problems by using the same kind of thinking we used when we created them." -- Albert Einstein "An intelligent fool can make things bigger and more complex ... It takes a touch of genius - and a lot of courage to move in the opposite direction." -- Einstein