Friday, August 12, 2011

Keynes vs. Adam Smith

As you will recall, it was British economist John Maynard Keynes who, in his "General Theory" writing of 1935, advocated strong government intervention in the economy. And, where has that led us?

Adam Smith, reputed to be the world's "first economist" back in the 1700's, advocated free markets...and less governement intervention. Perhaps Adam was correct! Where might that lead us?

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