I think the real reason is that too many believe in
Posted on: March 1, 2025 at 20:46:52 CT
JeffB
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Keynesian economics. Like the idiot Paul Krugman, the Nobel prize winning economist for the NY Times who called for a housing bubble to get the US out of the downturn after the dot.com bubble. I believe that it was during the 2008 "Great Recession" that he wrote that we would benefit from a fake war against aliens, as that would cause the government to goose the economy with more spending which would magically pull us out of the recession and make things good again.
You would think that all economists should have at least understood and come to terms with Bastiat's broken window fallacy.