Keynesian economics is welfare state economics. It has always been a cover for wealth-redistribution. Officially, this wealth redistribution has been justified in the name of helping the poor. Operationally, it has always been wealth transfers to very large banks.Gary North, The Crack in the Ice
Every time there is a financial crisis, the government and the central bank bail out large banks. Every time, Keynesian economists hail this policy during the crisis period. Then, after the dust settles, and the surviving banks are larger than ever before, they bewail the fact that Wall Street was bailed out again.
These people are not slow learners. They are non-learners.
Wednesday, August 10, 2011
Keynesian economics is welfare state economics
Subscribe to:
Post Comments (Atom)
WCF Chapter One "Of Holy Scripture" Sunday School (Sept.-Oct. 2021)
Our text for Sunday School (also "The Confession of Faith and Catechisms") Biblical Theology Bites What is "Biblical Theology...

-
Snapshot of the August 2, 2016 Drudge Report President Obama is no revolutionary. Rather he is of the status quo. Today he played t...
-
"With government in the U.S. at all levels consuming 40 percent of gross domestic product, and taxes 30 percent, taxes will have to ris...
No comments:
Post a Comment