Wednesday, December 1, 2010

Econ 101: The Keynesians have it backwards

Its income and savings that drives an economy, not spending and consumption. Watch:

1 comment:

  1. Whether it’s the late twenties or two thousand and five
    Booming bad investments, seems like they’d thrive
    You must save to invest, don’t use the printing press
    Or a bust will surely follow, an economy depressed

    Your so-called “stimulus” will make things even worse
    It’s just more of the same, more incentives perversed
    And that credit crunch ain’t a liquidity trap
    Just a broke banking system, I’m done, that’s a wrap.