The fallacy that underlies statist economic policy
Monday, April 25, 2011
When I was a student politician, there was a Trot on the NUS executive who screwed up the papers after each conference session and threw them on the floor with the words "more jobs". He was from some rubbish polytechnic. What's the excuse of our Oxbridge-educated elite for thinking the same stupid thought?
The Keynesians were also quick to tout the benefits of the recent Japanese earthquake. The good chaps at The Cobden Centre quickly denounced this lunacy.
Posted by: Suboptimal Planet | Tuesday, April 26, 2011 at 08:09 PM
... shame about the baker's dodgy accent :-)
Posted by: Suboptimal Planet | Tuesday, April 26, 2011 at 08:00 PM
Bastiat is brilliant. It's astounding that over 160 years after the publication of What Is Seen and What Is Not Seen, people still fall for the same Keynesian/socialist nonsense.
Posted by: Suboptimal Planet | Tuesday, April 26, 2011 at 07:49 PM