While I never
predicted high inflation to ensue back in 2009, I did think that Keynesianism
and the war on terror had been exposed as complete nonsense
responsible for our bad times and were finally finished. Never did I expect the
welfare/warfare monsters to double down on their horrible policies, in the very
least because I thought the public would not let them. Because there is no
pushback from the brain dead citizenry, these monsters feel more secure in
coming out of the closet from the formerly obscurantist form of Keynesianism
and interventionism so now we get the absurdity of a trillion dollar platinum coin. These people are shameless and hopeless.
And, of course, we must continue our bankrupting and
barbarous foreign policy because the Bible says we must support Israel’s right
and obligation to conquer the Middle East and kill A-rabs. I actually thought exposing these
noodle-brains for what they really believed would make an impact. I was wrong.
I also must admit
that I never thought that the Keynesians would have the audacity to
meticulously and continuously ignore the Austrian concept of economic
calculation in the face of a constant challenge on the topic. I was wrong on
that too.
Is this your mea culpa following Brad DeLong's request? Are you not going to shut down your blog and shoot yourself in the face, too?
ReplyDeleteThis might cause that result:
ReplyDeletehttp://mikenormaneconomics.blogspot.com/2013/01/l-randall-wray-update-on-trillion.html