Post
Topic
Board Economics
Re: Why is deflation bad? NYTimes link
by
berlin
on 21/05/2011, 09:58:44 UTC
Your rebuttal was interesting until this statement. A lot of people don't really understand Keynes, you can tell who they are by their sneers.

A lot of people don't understand Marx either.  But it's not a problem because they aren't on the news or in government advising politicians that we should all live in communes.  The problem is that Keynesians who don't understand Keynes have a lot of undue influence these days, since misunderstanding Keynes is an easy way to advocate bloated government in a not-yet-totally-discredited way.

A most agreeable comment.