Repeating History

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Jccarlton
Posts: 1747
Joined: Thu Jun 28, 2007 6:14 pm
Location: Southern Ct

Repeating History

Post by Jccarlton »

If they didn't work in the 1930's, if they didn't work in the 1970's, why would Keynes' theories work now?
http://online.wsj.com/article/SB1000142 ... rialPage_h
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MSimon
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Joined: Mon Jul 16, 2007 7:37 pm
Location: Rockford, Illinois
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Post by MSimon »

Because this time it is different.
Engineering is the art of making what you want from what you can get at a profit.
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Diogenes
Posts: 6976
Joined: Mon Jun 15, 2009 3:33 pm

Re: Repeating History

Post by Diogenes »

Jccarlton wrote:If they didn't work in the 1930's, if they didn't work in the 1970's, why would Keynes' theories work now?
http://online.wsj.com/article/SB1000142 ... rialPage_h
They won't work, but that's not the important question. The important question is, why are we trying this stuff again?

The answer is because we have a new generation of silly asses who cannot comprehend why they didn't work then (if they even learned about it) and can't comprehend why they won't work now.
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