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Name: NERDMANN
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Sunday, March 07, 2010

Borrow and Spend Economics to Pay for Borrowing and Spending

Interestingly, a crucial part of the stupid Keynesian nonsense holds that the government can, by virtue of borrowing the money, replace any perceived lost "consumer demand", in any economic downturn, by merely borrowing and spending money, even if borrowing and spending money was the cause of the original downturn, and that there are no repercussions that cannot be solved by more borrowing and spending, and that inflation in prices has nothing to do with the money supply but with irrational exuberance! Which doesn't even make any sense! Hahahah! It doesn't even freaking make sense!!

posted by NERDMANN @ 10:35 AM 

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