Sunday, May 9, 2010

Root Canal Politics

London

THOMAS L. FRIEDMAN indulges in the Austrian school of economics. Heyeck never learned and the freshwater economists (of Krugman) have forgotten Keynes.

To Keynes in our still nationalist world we need to accentuate the boundaries of taxation are the boundaries of direct benefit of stimulative expenditure. International trade must not be mercantile.

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