Friday, June 10, 2011

Rethinking Keynesianism in Light of the Brilliant Minds at the Cato Institute

Well the final judgement on the power of moneterism and the ultimate failure of Keynesianism is upon us. Mark A. Calabria at the Cato Institute has provided the final nail in the coffin of the socialist corpse of John Maynard Keynes. We have clear, unequivocal evidence that Keynesian economics doesn't work.  Just look at this chart!  It tells you everything you need to know about this EPIC FAIL! (h/t Matthew Yglesias)

Unbelievable.  It's all so clear to me now!  Yes, clearly government spending hinders growth!

Except when it doesn't, of course.


Good job Cato Institute, you're slipping into Heritage Foundation territory.

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