WND column

This is what I am referring to in today’s WND column. It succinctly shows the death of Keynesian economics in one simple graph. The empiricists who have rejected the compelling but non-empirical critiques of the Austrian School for eighty years will not find it so easy to dismiss the empirical evidence of the declining marginal utility of debt.

There will be no double-dip but only because the “recession” never ended. It was merely disguised due to the ludicrous metric of GDP which counts government borrowing and spending as economic growth. To insist that GDP growth is economic growth is to confuse the map with the territory.


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