Edited by Steven Kates
Chapter 10: Capital, saving and employment
AbstractThe blind rush into massive “stimulus packages” is the culmination of generations of economic ignorance transmitted from professor to student in the guise of advanced, revolutionary thinking – the “Keynesian revolution.” The accelerating destruction of our economic system that we are now experiencing is the product of a prior destruction of economic thought. Our entire intellectual establishment has been the victim – the willing victim – of a massive intellectual con job that goes under the name “Keynesianism.” And we are now paying the price.
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