I Bow to Mises
And Keynes is to economics was Arisotle was to chemistry.
Nathan came across an interesting historical piece on Mises and Keynes.
I have stated before, I belong to the Austrian school of Economics and I find Keynesism totally garbage.
Who is going to be the winner out of this economic mess?
It is going to be the businesses that kept debt under control and paid it off and/or reduced it, not the idiot businesses that keep rolling debt over, and really dumb, did things like take on debt to buy their stocks back at record high prices.
Unfortunately for a lot of people they are vested, or their pensions are vested in these idiot businesses. Instead of helping to provide for retirement the businesses will be fighting for their survival and profits will be stifled under the burden of debt servicing.