Wednesday, November 25th, 2009

Posts Tagged ‘ Wealth Effect ’

An Edifice of Pure Economic Crapola

Feb 17th, 2009 | By Richard Daughty | Category: Financial News

Benn Steil, who is on the Council of Foreign Relations and an editor of an economics journal, is writing in the Financial Times, see, and his essay has the catchy headline “Keynes and the Triumph of Hope over Economics”, which is so terrifically profound and funny at the same time that I laughed out loud, which was unfortunate, as I had just taken a big bite of a yummy chilidog and it sprayed all over the place as a result of my mighty guffaw.