Over at Cato’s website, there’s a post from Daniel J. Mitchell on how, despite the rush to spend and tax our way to prosperity, it’s clear Keynesian economics is, still, bad economics.
Who, by the way, said we’re all Keynesians now? That’s right, the man who was wrong about almost everything — Richard Nixon. Goldwater hated Nixon for a reason — lots of them, actually, and each one completely justified.
How bad is Keynesian economics? So bad, its principal errors are readily understood after only 7 minutes and 29 seconds, even including about 30 seconds taken up with introductory chatter.
See, now, the awful truth that confronts government interventionists…