HVACTech
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I thought this was good. very good actually.
Submitted by Nelson Hultberg on Mon, 06/16/2014 - 10:18
Bio | Blog | afr.org/
in
by Nelson Hultberg | Americans for a Free Republic | June 15, 2014
The essential economic problem we confront today is that our dominant Keynesian intellectuals have abandoned reality. They do not grasp what they have wrought with the mountainous loads of debt and malinvestment that are overwhelming us. Much of this burden must be liquidated before genuine demand and growth can be restored, which will require radical reform if we are to evoke a genuine cure.
To try and solve today’s debt created crisis with more debt (as the Keynesians are presently doing) can only bring on a bigger bust the next time around, which will require still larger “debt injections” to stave off a still larger crisis. Eventually the economic implosion will be so monstrous that it can no longer be rectified with “corrective debt injections.” Consumers and businesses will have reached their limit. The Keynesian system will have met its Waterloo. Perhaps this denouement has already arrived.
http://www.dailypaul.com/320796/what-keynes-has-done-to-us?from=lbp
Submitted by Nelson Hultberg on Mon, 06/16/2014 - 10:18
Bio | Blog | afr.org/
in
by Nelson Hultberg | Americans for a Free Republic | June 15, 2014
The essential economic problem we confront today is that our dominant Keynesian intellectuals have abandoned reality. They do not grasp what they have wrought with the mountainous loads of debt and malinvestment that are overwhelming us. Much of this burden must be liquidated before genuine demand and growth can be restored, which will require radical reform if we are to evoke a genuine cure.
To try and solve today’s debt created crisis with more debt (as the Keynesians are presently doing) can only bring on a bigger bust the next time around, which will require still larger “debt injections” to stave off a still larger crisis. Eventually the economic implosion will be so monstrous that it can no longer be rectified with “corrective debt injections.” Consumers and businesses will have reached their limit. The Keynesian system will have met its Waterloo. Perhaps this denouement has already arrived.
http://www.dailypaul.com/320796/what-keynes-has-done-to-us?from=lbp
