Submitted by admin on Sat, 11/08/2008 - 15:04.
In my previous diaries,
"Three Lies of Saint Ronnie And One Truth From Michael Moore" and
"Drilling Down Into Reagan's Big Lie About The Economy", I looked at some founding lies at the core of modern conservatism under the banner of Reagan, focusing in one economics in the second diary. The bottom line there was that Reagan continued relying on Keynsian economics-but without crediting Keynes and without following the principles inherent in Keynesian models for managing the economy responsibly. Instead, the new conservative economics was presented in a barrage of distracting explanations that appeared to be designed for maximum gut appeal regardless of whether they actually made any sense or not.
Democrats generally were totally flumoxed by this approach. read more »
