How Obama got Keynes wrong

[AztecWilliam]

The British economist John Maynard Keynes is the supposed godfather of modern American leftist thought on how the government should basically run the nation's economy. Seems that Barack Obama has drunk the Keynesian koolaid. Oh, but wait! Apparently Obama had a brand X version of the koolaid.

Here is an expert who says Obama is way off track when it comes to understanding Keynes.

money.cnn.com/2010/02/04/news/economy/meltzer_keynes.fortune/index.htm

AzWm

[aztecwin]

You can argue about Keynes for a long time and maybe not come to an answer based on anything other than theory. One thing is certain and that is that it will fail again due to the fact stated in the article. You can't spend beyond your means to repay. That is what is wrong now and I don't think you can cite a single example where the destruction of currency was not the end result of this kind of massive spending. Again, Obama and pals are in way over their heads.