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Tuesday, June 28, 2016

Lars P. Syll — People who have their heads fuddled with nonsense

The Conservative belief that there is some law of nature which prevents men from being employed, that it is “rash” to employ men, and that it is financially ‘sound’ to maintain a tenth of the population in idleness for an indefinite period, is crazily improbable – the sort of thing which no man could believe who had not had his head fuddled with nonsense for years and years … Our main task, therefore, will be to confirm the reader’s instinct that what seems sensible is sensible, and what seems nonsense is nonsense.
The is the key principle of genuine Keynesian approaches to economic and political economy, including MMT.

Lars P. Syll’s Blog
People who have their heads fuddled with nonsense
Lars P. Syll | Professor, Malmo University

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