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Keynesian Economics vs. Austrian Economics

November 14, 2012 by  

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • s c

    Keynes was a legend in his half-baked mind. Austrian economics should be taught in all high schools, colleges, universities and especially at the rotting septic tank also known as the Fed (where you don’t have to know squat about economics – ask Ben the Boob).
    Any two books von Mises ever wrote will give you what you need to know about truth vs. psychotic economic theories. Anybody wanna guess how many economics books the White House Messiah ever read in his delusional life? He can tell you much about the Midwest Academy, Saul Alinsky and how to collapse an economy ‘from within,’ [via ACORN], but he knows nothing and can tell you nothing about economics (ask Krugman, Obummer’s #1 economic dolt).

  • KG

    At 1:28 he gives the key away. And these comments were made before he really knew what was happening. It wasn’t the failure of Keynesian policy, it was the failure of people in power to understand Keynesian policy. Why do we have the GAO? or the BLS? These were all tools developed during Roosevelt administration to see what the economy was doing. But the republicans just ignored all of that (Greenspan) in the name of getting republicans re elected.

    As long as someone could make a loan, the money kept moving. However, only Government could or would be willing to spend the money to keep the economy going. As long as it was reaching the top, it was stopping there.


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