They cut value adding production and increase public spending and then are surprised by inflation. Stupid and ignorant doesn’t cover it.
Keynesians never get it right
Law of Markets
Dedicated to the economics and politics of the free market
They cut value adding production and increase public spending and then are surprised by inflation. Stupid and ignorant doesn’t cover it.
Law of Markets 
Good to see you back, Steve. I studied economics for 2 years in 74-75.After supply and demand it was pure Keynesian. Too young to understand it back then. I failed. Never made sense to me even as a teenager. Mind you, my upbringing was all about the realities of balancing a budget.
Luv zerohedge …. and one can’t get better economics education than from Steve