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Undo revision 895746 by Marqmike2 (talk) no
*[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
*[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
*[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
*[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
</ref> In 2010, his native land of Britain (which is deeply in debt) repudiated his economic folly of government deficit spending through the implementation of an austerity budget during a period of economic difficulty.<ref>[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]</ref><ref>[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]</ref> Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]<sup>[citation needed]</sup>
</ref> In 2010, his native land of Britain (which is deeply in debt) repudiated his economic folly of government deficit spending through the implementation of an austerity budget during a period of economic difficulty.<ref>[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]</ref><ref>[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]</ref> Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]
"Keynes thought there is no self-corrective mechanism (or [[invisible hand]]) in a [[free-market economy]]."<ref name=milton>[http://www.thefreemanonline.org/featured/the-great-depression-according-to-milton-friedman/ The Great Depression According to Milton Friedman] </ref>
"Keynes thought there is no self-corrective mechanism (or [[invisible hand]]) in a [[free-market economy]]."<ref name=milton>[http://www.thefreemanonline.org/featured/the-great-depression-according-to-milton-friedman/ The Great Depression According to Milton Friedman] </ref>