Macroeconomics QOTD

21 July 2012 at 12:29 pm 1 comment

| Peter Klein |

Courtesy of David Stockman (via Dennis):

[T]he clamoring and clattering that you hear from the Keynesians . . . that austerity is bad forgets the fact that austerity isn’t an elective course. Austerity is something that happens to you when you’re broke.

Entry filed under: - Klein -, Bailout / Financial Crisis. Tags: .

Obama on Small Business Conference Honoring Larry Ribstein

1 Comment Add your own

  • 1. Ivan Z.  |  24 July 2012 at 2:54 pm

    How can the Printing Press go broke?

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