Another economist with a degree in Political Science (B.A. 2005).
 

That is a cruel thing to joke about, Mr. Murphy!

Losing liberal & being attached to Hoover was damaging enough...
 

On earth there is nothing great but man;air jordan in the man there is nothing great but mind. cheap jordan shoes
 

Too bad Mr. Klein does not make a habit of reading Mr. Tamny. The very next day, Mr. Tamny retorts with the damning evidence of the 1920 depression in his next column at RealClearMarkets.

His quote:

"Ohio University professor Richard Vedder observed at a Council on Foreign Relations symposium in March that 'The 1920s downturn, although initially more severe than the Great Depression, turned out to be relatively short and weak precisely because the federal government did nothing.'"

Sometimes, Mr. Klein, the dilettantes should stay out of the fray.
 

The brilliance of Keynes and the Keynesians lies in their uncanny ability to squeeze so much doubletalk and dishonest nonsense into so few words. They write a paragraph and it takes three paragraphs to refute all of the half-truths and falsehoods set forth. To get the true picture of Keynes’ massive scam, I would suggest reading “The Failure of the New Economic” by Henry Hazlitt. It’s available to download as a pdf file from the Mises Institute:

http://blog.mises.org/archives/005833.asp

Of the book, John Chamberlain wrote:

"Mr. Hazlitt takes up the General Theory line by line and paragraph by paragraph, discovering scores of errors on almost every page. Not only does he kill Keynes; he cuts the corpse up into little pieces and stamps each little piece into the earth. The performance is awe-inspiring, masterly, irrefutable — and a little grisly. At times one almost feels sorry for the victim. But, since Keynesian doctrines have created so much misery in the world, any sympathy is misplaced. Hazlitt’s job had to be done."
 

It seems like the stupider you are -- e.g. Ezra Klein -- the more likely you are to get a newspaper column on an op-ed page.

I'm guessing this reflects the relative low IQ (among intellectual workers) and character flaws of the editors of these pages.
 

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