Friday, February 19, 2010

The Mogambo Guru on Keynesianism

Richard Daughty debunks the "the asinine neo-Keynesian econometric stupidity currently being swallowed whole by the vast majority of university halfwits, media halfwits, political halfwits and a host of voters that I variously describe as, for want of a better term because I am peculiar that way, 'halfwits'" — Keynesian Economics: A Halfwit’s Guide to Monetary Inflation.

These "halfwits," he says, "actually think that by electing government representatives who will always spend more than the government gets in revenue, by the simple, brain-dead expedient of creating more and more debt, all happily aided and abetted by the despicable Federal Reserve creating the money necessary to buy that much new debt, so that the government can spend this new money, for the childish, Pollyanna-expressed aim of equalizing everyone’s outcomes in everything."

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Anonymous Clare Krishan said...

Not a fan of halfwit myself, perhaps numbskull would be more adroit? We humans have an 'anima' (latin for soul) to animate the gray matter - those who fail to exhibit signs of conscientious rationality aren't necessarily lacking that faculty but rather have lost the use of it through indolence - ergo 'numb'.

1:01 PM  
Blogger The Western Confucian said...

I agree. "Numbskull," "knucklehead," or plain old "fool" would have been better choices than "halfwit."

We worship intelligence. Many Keynesians are quite intelligent, but have blinded themselves. Many simpler-minded folk who know the value of thrift would reject the tenets of Keynesianism.

4:25 PM  

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