drieuxster (drieuxster) wrote,
drieuxster
drieuxster

Real Republican Pron

Fama's Fallacy, Take I: Eugene Fama Rederives the "Treasury View".

Ok, so the Money SHOT is that this is written by a former Governor of the Bank of England, and starts with the great Line:
Back in the 1920s and 1930s--in the days that overly-clever bisexual academic dilettante John Maynard Keynes was trying to persuade us that if only we got the government to spend more money the unemployment rate might go down--by far the silliest argument against his position was the one put forward by the staff of the Chancellor of the Exchequer: the so-called "Treasury View."
( op cit )
I mean, well, there it is!

{ do I really need to put a tag for republican pron? }
Tags: economics, republican_pron
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