Simple Janet Lost in Keynesian Puzzle Palace - David Stockman

VR Sun, 02/21/2016 - 10:47
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Economics

"All she does is talk about incoming trivia that have been repeated month after month to absolutely no avail. Or she references a simple-minded bathtub model of a closed U.S. economy—one later contradicted by extended jawing about headwinds from China, global oil and commodity prices and shrinking U.S. exports."

http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=189086

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All our knowledge begins with the senses, proceeds then to the understanding, and ends with reason. There is nothing higher than reason. Immanuel Kant
Promisekept's picture
Promisekept
02/22/2016 - 10:40

Maybe Janet and the other simpletons at the Fed might understand their plight better if it were broken down into a very popular rap video, or two?

Judge Napolitano did this interview just over 5 yrs ago, when these two producers had gained huge popularity for breaking it all down for the common man to hear and understand.

Keynes Vs. Hayek Round 1: Business Cycle
https://www.youtube.com/watch?v=NoTXYOIQBCQ

Keynes vs. Hayek round 2: Economist rap battle minus intro
https://www.youtube.com/watch?v=DS3oktTEwUs

Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place. ― Frédéric Bastiat, The Law

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