Monday, June 21, 2010

Hall of Idiots: Krugman - Now and Later

Nobel prize winner & NY Times columnist continues to espouse ideas that have led and will continue to lead America down the path to financial ruin.

Krugman continues to push for more and higher spending with the idea that it will lead to a recovery - a Hoover/FDR position that extended the Great Depression by up to seven years.

Keynesianism is dead and proven to be a dud of an economic theory, yet it continues to be a popular theory - it is leading us to failure.

Scott Dauenhauer CFP, MSFP, AIF