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re: The fetish of full employment- Henry Hazlitt vs. Ezra Klein
Posted on 5/19/14 at 5:08 pm to Rawdawgs
Posted on 5/19/14 at 5:08 pm to Rawdawgs
quote:If he was required reading, democrats would be out of power. His take down of public work projects is brilliant. He writes for the layman, too.
Henry Hazlitt should be required reading for anyone to vote. 75% of Congress probably don't know who he is.
1
Posted on 5/19/14 at 5:12 pm to HailHailtoMichigan!
quote:
If he was required reading, democrats would be out of power. His take down of public work projects is brilliant. He writes for the layman, too.
republicans are just as big proponents of keynsian economics as democrats. I do agree if the public understand the problems with the keynsian model (which keynes duly noted), they would not support our current spending model.
But keynsian economics has 70 years of working for us. its failures are a failure of applying it correctly, more so than the theory itself.
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