Wednesday, November 10, 2010

The American Spectator : Stop the Obama Tax Hikes

Of course, this Fed reflation is not going to work either, because as Milton Friedman explained long ago, easy money from the Fed does not change the real economy. It is just going to bring back the 1970s with a vengeance, combining long-term stagnation with inflation. This is the result of President Obama's stubborn, Rip Van Winkle return to the Keynesian economics of the 1970s, play acting like nothing has happened since 1980 to prove how braindead those economic policies are.
The American Spectator : Stop the Obama Tax Hikes

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