After G-20: The Beginning of the End of the Old Order [View article]
Glad you are starting to see the light that the IMF is not relevant, no longer has a purpose, and is lead by economies that are no longer relevant either. I pointed out in comments to your last article about China and Brazil's under representation ... which you ignored. Nice to see your eyes work better when the Washington Post says the same thing.
Next we have to get you to look at the effect of Keynes policies... Keynes policies completely screwed up the United Kingdom and turned it into an international bailout case by the 1970s. In the U.S., his policies were implemented in the form of the "Great Society" -- which failed in every way imaginable to achieve its goals. When you consider the economic costs dragged on through the 1970s and early 1980s when Paul Volcker finally cleansed the system via a very painful recession.
And yet, we still have head in the cloud college professors / socialist pretending Keynes policies were something other than a failure. Since we failed to learn from history, we now seemed doomed to repeat it.
After G-20: The Beginning of the End of the Old Order [View article]
Next we have to get you to look at the effect of Keynes policies... Keynes policies completely screwed up the United Kingdom and turned it into an international bailout case by the 1970s. In the U.S., his policies were implemented in the form of the "Great Society" -- which failed in every way imaginable to achieve its goals. When you consider the economic costs dragged on through the 1970s and early 1980s when Paul Volcker finally cleansed the system via a very painful recession.
And yet, we still have head in the cloud college professors / socialist pretending Keynes policies were something other than a failure. Since we failed to learn from history, we now seemed doomed to repeat it.
Lets hope Volcker talks some sense into Obama.