Paulus Textor Wrote:
Nov 03, 2012 9:57 PM
By far the best response to the insanity of Keynesianism is the "Austrian School" of economics, as exemplified by von Mises and Murray Rothbard. Unjustified expansion of credit through manipulation of interest rates is the main CAUSE of the misnamed "business cycle" (really, it is more accurately called a "central banking" cycle). You cannot CURE the economic dislocations and malinvestments created by easy credit, through yet MORE easy credit. Doing "bailouts" of companies that are overextended because of credit expansion just prolongs the problem.