Monday, December 14, 2009

How to become a good Keynesian

R.I.P., six decades after writing the most disastrously influential college textbook in history:
Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94.
As Keynes himself famously said, "In the long run, we are all dead." Samuelson has finally become the only good kind of Keynesian, an example we hope Paul Krugman will soon follow.


  1. "Samuelson has finally become the only good kind of Keynesian, an example we hope Paul Krugman will soon follow."


    Tomorrow's headline: Robert Stacy McCain Threatens Noted New York Times Columnist and Nobel Laureate Paul Krugman's Life! Having morphed from racist blogger into future murderer, "The Other McCain", as he is known in the unregulated sewer known as the "internet", has drawn the ire of Keynesians the world over. A Fatwa is expected shortly.

    Story at 11.

  2. Really? Dead? Too harsh, methinks.


  4. In my first year in college [ only year in college] I took an Introduction To Economics class and Samuelson's book was THE main book used. For the final, we had to write a lengthy essay analyzing one of his ideas. I wrote a refutation of all of them and praised Uncle Milty and Great Grandpa Smith. The paper came back with the following written on it: C. Well-written but very wrong.

    Let's hope his ideas die with him, although I doubt they will: there seems to be a genetic component to rank stupidity.

  5. Amity Schlaes exposed Keyes-Samuelson as butt naked emperors who sold to every opportunist the rope to hang liberty.

    "I don't care who writes a nation's laws or crafts its advanced treatises if I can write its economics textbooks."--P.A.Samuelson

    Keynes played an evolved Marxist to bring down free trade and free market from the inside. Samuelson who "redefined modern economics" latched onto Keynes, establishing the most aggressive form of economic corruption ever devised, how to manufacture the demise of economic productivity from the top, assigning death to the productive life of industry one business at a time, enabling the assassins of free enterprise to assimilate the goods broken by themselves, legalized organized criminals.

    What Samuelson did to destroy free enterprise by gaining a monopoly on education, Gore followed suit to castrate empirical science.

    In like manner, these men manufactured global fraud to empower the same Marxist feudal order of overlords, silencing shrouding and shredding the real records supplanted by corrupt formulae, assassinating the character of real scientists who have not sold out to the fraud bandwagon with the propagandists who own the current majority in government, education and media.

    Truth presents the most inconvenient response to fraud. Transparency dissolves the power of fraud. Good riddance to bad rubbish.