Saturday, September 21, 2013

Keynesians wrong once again

Mainstream economists.... wrong about bailouts and stimulus.
This is the real sentiment on the ground:

"A Feb. 2012 survey found that 52% of Americans thought bailing out the banks through the Troubled Asset Relief Program (TARP) was the wrong thing to do, while 39% supported the action. That was a big turnaround from 2008 when the crisis hit in 2008 and 57% had said TARP was the right thing to do."

I'm sure it'll be more than 52% as it becomes clearer that things are going awry.

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