American Thinker: Keynes: The End of a Bad Idea:
The dream of spending our way out of recession got a step closer to death at the Toronto Summit of G8 and G20 leaders. Things just aren't what they were.
Every bad idea seems to have its Wordsworthian moment:
Bliss was it in that dawn to be alive
But to be young was very heaven.
The early enthusiasm for Keynesian economics certainly qualifies. The dawn of Keynes was very heaven, if you were young back then. But now we are at the moment when a new generation asks: What was all the fuss about?"
Tuesday, June 29, 2010
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