What Keynesians Believe

Had to throw this into the blog. This is the economics that the government and idiots like Paul Krugman believe in.

This is why we are in so much debt. Public spending is not good. We are allocating resources (taxes) or printing money (inflation) to create jobs that the free market would not normally produce i.e. we are funding inefficient investments. This is how bubbles occur like the one we saw in housing in the last decade.