everlastinggodstopper (ernunnos) wrote,
everlastinggodstopper
ernunnos

Keynesianism is a religion.

Krugman & Hard Money: Smell the Disdain

While the comments about gold shouldn’t come as too big of a surprise, we are once again reminded of the beauty of defending Keynesian economics – you can always say that some outrageous (and quite impossible) amount of deficit spending and/or money printing is required to heal the economy and, then, after that amount is not offered up, you can say that policymakers just didn’t try hard enough.

Unfalsifiable, just like any other religion.

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