Tsunami and Foolishness

By: kyle8 (Diary)  |  March 15th at 02:52 PM  | 

Larry Summers, of the President’s Council of Economic Advisers, and all around idiot Keynesian, has murmured something to the effect that rebuilding could temporarily boost the Japanese economy. That is an amazing amount of lunacy to come from someone who is supposedly a trained and respected economist. It violates one of the basic tenets of economics. Bastiat’s broken windows fallacy. Don’t let anyone fool you, a | Read More »