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Re: Mario Monti Tapped to Lead Italy Out of Debt Crisis 

By: ribit in FFFT | Recommend this post (1)
Mon, 14 Nov 11 8:20 PM | 52 view(s)
Boardmark this board | Food For Further Thought 		Msg. 35992 of 65535
(This msg. is a reply to 35978 by Decomposed)
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decomposed
...and to quote a recent OWS interviewee, President Obama is not a Keynesian. He was borned in Hawaii.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: Mario Monti Tapped to Lead Italy Out of Debt Crisis
By: Decomposed in FFFT
Mon, 14 Nov 11 5:28 PM 		Msg. 35978 of 65535

re: "Monti is an international adviser to Goldman Sachs..."

About what one would expect.

Keynesian economic theory is wrong. That's the problem here. Nearly all of the world's economists were schooled in and have a vested interest in KEYNESIANISM. They don't have the answer to a fundamentally incorrect economic philosophy.

The Keynesian approach to a debt problem is to create more debt.

"If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours."

- Keynes 

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