The late John Maynard Keynes (died, 1946) is still misleading America's leaders and the citizenry at large. He's the guy who said it was fine to print money to bail out an economy. His basic theories of money and credit were long ago shot down by the likes of Frederich Hayek and Henry Hazlitt, but Mr. Obama is a Keynesian promising to give us a good dose of money creation in the belief the U.S. can print its way back to "prosperity". Batten your hatches. The Keynes method will keep us in the economic doldrums for a decade...or more!
A clip from Wrisley's home page today. Keynes influenced the big government policies of FDR. The massive spending and endless regulations supported by today's politicians are a direct result of his teachings. A free market approach, supported by the Austrian economists mentioned above and others, is not being considered by any in Congress - except Ron Paul.
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