Bloody Keynesians

posted by
August 2, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"It’s as if a person who is bleeding to death because of a gunshot wound in his stomach is brought to a physician. The physician correctly realizes that the patient is losing massive amounts of blood and, also, correctly understands that such blood loss is dangerous to the patient’s health. So the physician prescribes massive infusions of blood, period If the patient doesn’t recover, the physician orders that the volume of blood-infusions be increased. If the patient dies, the physician will forever blame himself for not increasing the volume of blood-infusions even further." (08/01/11)

http://cafehayek.com/2011/08/bloody-keynesians.html  

Tags:

Our Sponsors