I have often thought that Keyne's most probative statement was "In the long run, we are all dead"

"Seems like I've been reading about a Fed plan to buy up government debt to drive interest rates even lower..."

Isn't this, like, a really bad idea?

Monique,

It means printing money of about 1 trillion, which will then move into the economy. While this will make money "cheap", it is also highly inflationary.

We end up with too much money chasing goods and services. Since money will be in surplus and the quantity of goods relatively stable, this will drive up prices. "Supply and Demand", don't 'cha know.

Since most of Keynes "micro" theories assumed spending "savings", easy credit lets a lot of the water out of them.

History has proven that Hayek's is the correct version of economic theory, and that Keynes was completely wrong.

Some day the Democrats are going to learn that lesson. I only hope they learn it by being voted out of power, and watching us get the country back on track, rather than learning it the hard way and forcing us all to ride in the back seat as they drive into the ditch.

Or is it a canal? You can also bet that they will swim away and leave us to drown, just as their Lion did.