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Mitt Romney's Economic Adviser: Gregory Mankiw is a Keynesian

Last night's debate Romney was asked who gives him his economic advice. And guess what - he said: Gregory Mankiw. Now check Gegory Mankiw on Wikipedia:

http://en.wikipedia.org/wiki/N._Gregory_Mankiw

'New Keynesian Economics' He is an author of such classics as:

"If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of recessions and depressions remains the foundation of modern macroeconomics. His insights go a long way toward explaining the challenges we now confront."

Romney's econ policies will be exactly the same as Obama's are now. Inform as many people as possible.

PS Romney's and Cain's 'business experience' is totally useless. Mises said himself that government can never ever be run like a business because they don't receive free-market impulses eg as basic as prices. Ron needs to say that next debate!



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'business experience' is totally useless.

What an important point to bring up to Cain & Romney supporters!

Just heard a friend say he likes Cain because he's a good business man. But this guy was a banker, and I'm sure the ties with the Fed won't bother him either.

'Cause there's a monster on the loose

i was thinking that to myself

i was thinking that to myself as he said it last night. i was like, are you kidding me? he's going to confess to that on a national stage?

brought to mind for me this clip of Mankiws 10 principles of economics, translated by the "stand up economist." funny stuff:

http://www.youtube.com/watch?v=VVp8UGjECt4

but seriously, freakin Mankiw??? this electorate is dumber than even i expected if they don't see through this leftist.

Funn-ee

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Thanks for posting this.

Thanks for posting this.