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Saying the government can create value is the baldest-faced Keynesian lie of them

07/16/12 Paris, France – We wrote the other day about the power of memes — ideas, styles or patterns of behaviour that spread through cultures and societies. In the digital age, memes can replicate with virtually infinite fecundity, near perfect fidelity and enjoy a potential longevity far beyond that of a gene.

Like their biological cousins, however, memes can be both productive — contributing to generally increased knowledge and truth discovery — and harmful — dragging the minds they encounter further away from the reality of a situation.

READ HERE:
http://dailyreckoning.com/a-look-at-government-spending-beyo...




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