Friday, September 06, 2013

Krugman's Keynesian Absurdity Updates Orwell

Bizarre.  Krugman declares Obamanmics, well, bad.  OK, more than bad.

"U.S. economic policy since Lehman has been an astonishing, horrifying failure."
Why?  You guessed it.  We only increased the national debt by $6 trillion.  Had we gone into hock more, laments Krugman, we...(I kid you not, you can't make this stuff up)

"...we would be a richer nation, with a brighter future."
Let's update our Orwell: War is Peace. Freedom is Slavery. Ignorance is Strength. And Debt Is Wealth!

This is precisely where Keynesian logic leads, to absurdity.

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