Aug 292011
Lew Rockwell on Keynesian Economics:
In the market economy, there is a long-run tendency for errors to be corrected and replaced by different practices that uplift the people. In government, there is a long-run tendency to keep trying the same thing again and again, no matter how often or how badly it fails. Keynesianism is, after all, as Joseph Salerno points out, the “economics of state power.” And that guides us to the foundational problem: the monopoly entity that rules and devastates society for its own benefit.
