Doonesbury by Garry Trudeau for September 28, 1982
September 27, 1982
September 29, 1982
Transcript:
Man: Thank you, Mr. Harris, we'll get in touch if something... Zonker: I just want to finish my point about galloping economic indices...if the lingering downturn fizzles into rampant austerity, 30-month tenders will rocket into pie-in-the-sky default. The resulting jitters will dilute liquidity and deep-six personal checking. Man: You realize, of course, that that's all utter gibberish. Zonker: That's what they said about the theories of Keynes. Before you dismiss me, Mr. Mogul, you better ask yourself, "What if he's right?" Man: Um, what's your theory again? Zonker: Well, I see our time is up...
I see from the third panel Mr. Trudeau is a fan of Keynes economics. Considering the utter failure of that model over the past two years, does anyone really take that garbage seriously anymore?Sadly, yes they still believe. Some useful idiot like Krugman will craft a “theory” out of whole cloth on how it would have really worked this time if we had only used a little, or a lot, more of someone else’s money.And a whole thundering herd of useful idiots will dutifully trot out, chanting the old “Eat the Rich” mantra and we will have to go through this crap all over again.
Only the highly educated could be this bloody stupid.