Comments on: In Defense of Doing Nothing http://beancounterblog.com/2009/05/27/in-defense-of-doing-nothing/ Tue, 04 Oct 2011 00:10:26 +0000 hourly 1 http://wordpress.org/?v= By: Carl M. http://beancounterblog.com/2009/05/27/in-defense-of-doing-nothing/comment-page-1/#comment-79823 Carl M. Fri, 29 May 2009 12:46:47 +0000 http://beancounterblog.com/?p=807#comment-79823 Keynesian economics is just an excuse to hand out welfare. "Give out money and the market works better! Woo!" Do it enough times and we'll give you a free Shamwell! Keynesian economics won't go away until enough people point out that it's a hidden subsidy to the rich. Years ago, Adam Smith pointed out that as capital accumulates, profit rates go down. Keynesian economics stymies this process. Keynesian economics is just an excuse to hand out welfare. “Give out money and the market works better! Woo!” Do it enough times and we’ll give you a free Shamwell!

Keynesian economics won’t go away until enough people point out that it’s a hidden subsidy to the rich. Years ago, Adam Smith pointed out that as capital accumulates, profit rates go down. Keynesian economics stymies this process.

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