Commentary by Richard Benson
February 09, 2009
Every time I pick up a copy of the prestigious financial press, I can't help but read articles pushing Keynes theories. Writers point or wag a finger at the lack of liquidity and the fact that America is in a Keynesian-feared “Liquidity Trap.” Indeed, almost every night, the talking heads on TV recite old quotes from textbooks taken out of context and use them to brainwash the last two generations of American college students with Keynesian notions. We can only marvel at the fact that the theory is actually being sold to us as religious dogma, straight from academics that have only lived through America's good times. continues...Keynes theories, liquidity, TARP, inflation
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