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Keynesian vs Austrian economics
November 26, 2011, 08:27 AM
Post: #1
Keynesian vs Austrian economics
What do you think? I'd have to go with austrian. Keynesianism seems to focus on paper money while ignoring the larger issue - productivity. Productivity creates wealth. Moving paper around and putting people to work digging ditches with spoons just doesn't seem to be a good policy for actual prosperity, at least not as anything more than a temporary boost to sort out issues brought about by technicalities.

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I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue!
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November 26, 2011, 01:49 PM
Post: #2
RE: Keynesian vs Austrian economics
Keynesianism is a proven failure.
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