jueves, 12 de febrero de 2009

ARCHIVES: February 12, 2009

by Angel Mas

Supply and demand economics, the wonders of Keynesianism, the infinite faith in the State as an efficient allocator of resources and why we should have given Soviet Union just a few more years to prove that, in the (veeeery) long run, its system was so much better at creating wealth and wellbeing for its citizens. Ah!, and why the Plan E (!!!) from Mr. Zapatero will become the shinning path for all other packages being discussed around the world.

1 comentario:

Samuel dijo...

"Owners of capital will stimulate the working class to buy more and more
of expensive goods, houses and technology, pushing them to take more and
more expensive credits, until their debt
becomes unbearable. The unpaid debt will lead to bankruptcy of banks,
which will have to be nationalized, and the State will have to take the
road which will eventually lead to communism"

Karl Marx, Das Kapital, 1867