11 July 2009

Arguing Economics

My friend Mike the mad financialist has pointed out an excellent economics blog that I'm now enjoying. Here's the perfect sample post. In a nutshell, it encapsulates the entire debate currently ongoing. Read the comments to see what I mean. The first comment (from someone who doesn't know what Keynesian theory is but is certain he doesn't like it) fluffs up the debt and inflation strawmen that seem popular on American airwaves. The subsequent official response, 3 comments lower, is brilliant.
"When it comes to future generations, my concern is not that we will shaft them by leaving them with too much debt but that we will shaft them by leaving them with too little of what really matters"

1 comment:

JJ said...

I think your links are wrong? Mike's blog is here.