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Repeating History
Posted: Sun Jun 27, 2010 4:38 pm
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
Posted: Sun Jun 27, 2010 4:57 pm
by MSimon
Because this time it is different.
Re: Repeating History
Posted: Sun Jun 27, 2010 10:55 pm
by Diogenes
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.