OLYMPIA, Wash. — The state is sending out hundreds of thousands of $1 checks to the state’s neediest residents. It’s a plan that’s supposed to bring millions of dollars worth of food stamps to the state by March. When you add printing and postage, it seems like a waste, but the state says the economy has them pulling out all the stops to find money wherever they can. — The Olympian Yeah, it seems like a waste now — but wait till the Keynesian multiplier kicks in! Read more →
EppsNet Archive: John Maynard Keynes
The Individual Lemming
John Maynard Keynes said in his masterful The General Theory: ‘Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.’ (Or, to put it in less elegant terms, lemmings as a class may be derided but never does an individual lemming get criticized.) — Warren Buffett Read more →