Keynesian deficit spending madness

I will begin writing about high dividend stocks again after a little vacation.  I’m going to concentrate on non-US high dividend stocks.  But until then check out this interesting, short article on GDP growth.

Government deficit spending was the only reason the US 3rd quarter GDP grow went up.  This is a recipe for disaster.

http://reason.com/blog/2012/10/29/3rd-quarter-gdp-growth-due-to-government

Of course, GDP is a made up Keynesian number that really makes no sense, but it is widely believed and followed by the public at large.  This article explains the inherent fallacies that make up the GDP number (C+I+G=Baloney http://mises.org/daily/4482 )

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Published in: on October 29, 2012 at 11:58 am  Leave a Comment