Friday, April 26, 2013

The Economic Argument Is Over — And Paul Krugman Won

Hardly. The entirety of the last decade proves that money printing and government spending (which are tied at the hip, an argument defensible by looking at debt to GDP, which exploded after Nixon took us off the gold standard) are the problem and not the solution. Money does create wealth, money is a consequence of wealth derived from producing goods and services. The depression is the recovery. In any event, here is the video.




And don't get me wrong, I would probably be more wealth off (at least in nominal terms) if Krugman and the rest of the Keynesian cronies do 'win' the argument.

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