Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Krugman Admits Keynesian “Economics” Is About Empowering the State

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

William L. Anderson
LewRockwell.com
August 18, 2013

In a recent screed posing as a blog post, Paul Krugman lets the cat out of the bag: the essence of Keynesian “economics” is giving the Political Classes more power. He writes:

…the hatred for Keynesian economics has less, I think, to do with the notion that unemployment isn’t a proper subject of policy than about the notion of shifting power over the economy’s destiny away from big business and toward elected officials. (emphasis mine)

In other words, an economy really should be the plaything of the Political Classes, as though they had the brilliance and expertise to make things any better. Furthermore, whenever libertarians speak of things like market processes, people like Krugman throw in the term “big business,” which supposedly means that the two are the same. So, either Krugman is ignorant about what we mean by markets, a price system, and entrepreneurship, or he is patently dishonest. Or both.

I should add that earlier in his post, he smeared Ron Paul and Rand Paul by calling them a “white supremecists.” Yep, another typical day at the office for Paul Krugman.

This article was posted: Sunday, August 18, 2013 at 3:46 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
See the rest on the Alex Jones YouTube channel.

Some See Mysterious Truck Convoy as Government Conspiracy See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.