Why Keynesians are wrong - 11 words and a video

December 01, 2010 4:04 PM

On his Telegraph blog yesterday, Daniel Hannan summed up why Keynesians are wrong in eleven words:
“Consumer demand is a consequence, not a cause, of economic growth.”

Hiwa Alaghebandian goes into more detail, explaining why policy-makers should focus on Gross Domestic Income rather than Gross Domestic Product, in this short video:

On his Telegraph blog yesterday, Daniel Hannan summed up why Keynesians are wrong in eleven words:
“Consumer demand is a consequence, not a cause, of economic growth.”

Hiwa Alaghebandian goes into more detail, explaining why policy-makers should focus on Gross Domestic Income rather than Gross Domestic Product, in this short video:

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