Tuesday, May 10, 2011

Another Nail In the Keynesian Coffin

RealClearMarkets - Another Nail In the Keynesian Coffin
"The BEA reported that its first estimate of 1Q2011 real GDP growth was 1.8%.
This represented a dramatic fall from 4Q2010 growth of 3.1%.
What no one seems to have noticed is that the slowdown occurred in the face of another large dose of Keynesian stimulus"

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