Chinese Mountain-leveling Cities Show the Communists are Super-Keynsians!

It is now a proverb that Keynes believed you could stimulate the economy by paying someone to dig a hole and paying someone else to fill it up again. That should sound strange to many people, though when they’ve heard Paul Krugman extol a fake alien invasion or a hurricane as keys to helping the economy, Keynes seems relatively restrained. Well, the Chinese ruling class has apparently replaced Karl Marx with John Maynard Keynes. The Chinese government is almost literally following the cliché Read more […]