The Man Who Wrote The Book On This Economy Demolishes Bernanke's QE2 "Gamble"

more from Koo:

RICHARD KOO: This Could Be The 1937 Great Depression Relapse All Over Again

Yet another Keynesian idiot who thinks that our problem is that we're saving too much & aren't diverting enough resources from the private sector to the government for it to spend as 'stimulus' .

These guys just don't get it. Wealth is created by actual production of goods and services, not by borrowing or printing and spending money we don't have. Debt is the problem not the solution.