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Replacing Keynes: A New “General” Model of the Economy

“How can I possibly put a new idea into your heads, if I do not first remove your delusions?” — Robert Heinlein

Keynesian economics has created much mischief in the world — a bias toward inflation and easy money, chronic deficit spending, an anti-saving mentality, progressive taxation, big government and the welfare state.

Market-friendly economists have chipped away at the Keynesian monolith but have failed to displace Keynes’s “General Theory” that revolutionized the economics profession after World War II.

How do you replace a bad idea? Offer a better idea!

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Replacing Keynes: A New ??General? Model of the Economy

??How can I possibly put a new idea into your heads, if I do not first remove your delusions?? — Robert Heinlein

Keynesian economics has created much mischief in the world — a bias toward inflation and easy money, chronic deficit spending, an anti-saving mentality, progressive taxation, big government and the welfare state.

Market-friendly economists have chipped away at the Keynesian monolith but have failed to displace Keynes??s ??General Theory? that revolutionized the economics profession after World War II.

How do you replace a bad idea? Offer a better idea!

To read the rest of this article, click here now.

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Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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