Keynesian Clowns Argue For More Stimulus

http://globaleconomicanalysis.blogspot.com/2011/08/bill-gross-says-fed-approaching-dead.html

Keynesian Clowns Argue For More Stimulus

Sadly, Keynesian clowns still argue for more stimulus. Supposedly we need to build infrastructure.

Let me ask a question: Where would the US economy be had we done that?

The answer is certainly in a better position than the alternative of dropping bombs in Iraq. For starters the US would have better bridges instead of holes in the Iraq desert and millions of destroyed lives (and millions more enemies on top of that).

However, the US economy would still be where it is now. Why? Because of the three cardinal rules of stimulus.

Three Cardinal Rules of Stimulus

1. First rule of stimulus: It always runs out.
2. Second Rule of stimulus: All it can do is create a greater pile of debt.
3. Third rule of stimulus: Spend enough money and interest on debt will eventually consume you.

Never, ever do the Keynesian clowns want to throw in the towel on what they suggest. One might think that 20 year history of failed infrastructure stimulus in Japan would be enough to open the myopic eyes of Keynesian clowns but one would be wrong.