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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (209170)	5/3/2018 2:26:28 PM
From: grusum	1 Recommendation Recommended By Joe Btfsplk Read Replies (2) \| Respond to of 224729

"Trade deficits cause loss of manufacturing jobs and can create financial bubbles." no they don't. "This is taught in econ classes across America when I was in College and it still holds true today." it's keynesian nonsense that was never true at any time. of course, keynesianism is 90% of what's taught in universities today as 'economics'. keynesianism was invented by one man. and that man admitted 10 days before he died that he was wrong. keynesianism is the major tool of the socialists. that's why krugman loves it so much. krugman believes in trade deficits too. austrian economics was built and refined through the years by many economists. it's time-tested and true. it's the only economic system that creates wealth. the further we deviated from it, the less wealthy we become. you still haven't told me how sowell and walter williams have gotten it so wrong.