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Thursday, December 18, 2008

Einstein was right...again...twice

As I'm waiting to make a phone call to a supplier out west, I came across a great video that explains complicated and failed Keynesian economic theory in a short lesson. John Maynard Keynes was the new whiz kid in the 20's and 30's that Herbert Hoover and FDR looked to in taking the country from a recession to a depression to the Great Depression. And yet, the left, after eight decades of evidence, still repeats and applies failed theory. Despite all the disaster and disasters Keynesians have wrought, the children and grandchildren (and now the great-grand children) of economic failures still tout failure as success.
Here is a simple, easy to understand, put the cookies down where the kids can get them video. Watch and learn (from Right Wing News. The instructor is Dan Mitchell of Cato) :

BTW, Einstein being right twice? "The definition of insanity is repeating the same action and expecting different results." "We can not solve the significant problems of our lives at the same level of thought we were at when we created them." (I've paraphrased. So sue me).


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