Keynesian Economics is a Puerile Philosophy

in economics •  14 days ago


A lack of consideration for the future is what distinguishes Keynesian economics. Spend, consume, and become indebted because the day of reckoning and the pain of reality can always be pushed to future generations to deal with. Kenyesians are like children in that they do not consider the conservation of scarce resources and consume into indebtedness even when funds are no longer available.    


This is in striking contrast to most businesses that must obey Economic law. Such businesses cannot continue to operate at a loss without immense suffering. The painful reality eventually reveals all unsustainable practices.    


"In the long run we are all dead." John Maynard Keynes   


Keynesian Economics is a Puerile Philosophy   


   


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