February 25, 2009

Keynesian Idiocy

Obama today, after criticizing “chaotic capitalism,” said it was essential to get the “credit flowing,” so consumers and business people could go into debt. But why would anyone with a brain want to go into debt? Production is never mentioned, of course, just the mantra of borrowing as prosperity. The whole establishment apparently has the insano-year of 2006 in their heads as utopia.