Balaji Srinivasan
👤 SpeakerAppearances Over Time
Podcast Appearances
That's camouflage.
It's both engineered and evolved in nature, like a snake has camouflage.
Right.
So Keynesianism is communism that's evolved even more camouflage.
Communism already had camouflage because it portrayed itself as sharing and caring, but it was actually, you know, stealing and whatnot.
Keynesianism.
Go ahead.
No, I was just agreeing.
Right.
So Keynesianism is even more abstract where it surrounds itself with all kinds of nonsense mathematical symbols.
By the way, the Soviets did that as well.
They had all these schools of Marxist economics.
And, you know, there was some real math that came out of it.
But for the most part, their premises were wrong.
So their conclusions were wrong.
OK.
And Keynesianism, the fundamental premise of Keynesianism is wrong, which says that it gets inflation deflation point.
Basically, it's.
Keynesianism says rapid inflation is bad, but deflation is also bad.
Why?