Keynes and Austerity

"The anti-austerity mindset has become the anti-economics mindset"

"The Keynesian multiplier can only work its magic during a recession

"Keynesians do not believe a country can borrow itself rich

“…for some, attending anti-austerity marches has become a way of life. It has turned into a hip, trendy subculture, and a marker of a tribal identity. A plea for fiscal responsibility will never do that. It seems staid and boring in contrast.”

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P.J. O’Rourke: Things Are Going To Be Fine

"The politician creates a powerful, huge, heavy, and unstoppable Monster Truck of a government," P.J. O'Rourke writes in his new book, How the Hell Did This Happen? (Atlantic Monthly Press). "Then supporters of that politician become shocked and weepy when another politician, whom they detest, gets behind the wheel, turns the truck around, and runs them over."

"At the core of libertarianism—as an attitude and as a way of thinking about politics—is the idea that people are assets. The liberal idea is that people are burdens."

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