Showing posts with label Rebukes. Show all posts
Showing posts with label Rebukes. Show all posts

Monday, January 26, 2009

Back from the abyss...

...with a rejoinder to Keynes as well.

Supporters of the current proposed economic stimulus keep telling me, quoting Keynes, "in the long run, we are all dead." They use this as justification that what matters is getting the economy back up and running in the short term, and worry about future problems when they arise.

My response to "in the long run, we are all dead"? "In the last major recession (1979-1982)... today was the 'long run.'"