Peter St. Onge

They are just as greedy, just as deceptive.

In fact, they're probably more so because nobody's watching them.

Government, you have what's called a principal agent problem.

So nobody's really keeping track of government, which is why you have so many Somali leering centers.

But at any rate, so the argument of Keynes is to sort of pretend that government is this angel.

And so because some market is not perfect –

You know, like health care, for example, you know, there are some people who can't who who can't afford coverage.

And so we're going to give that to the government and the government's going to use its angelic omniscience to fix it.

And of course, they always make it worse.

So within economics, generally speaking, if you get a degree in economics, almost everything you will have been taught is Keynesianism.

So it's pro-government.

Government can fix everything.

Oddly enough, economics today, not to get too far into inside baseball, but economics today is broken into two classes.

Typically, you'll get micro, which is little stuff, and macro, which is big stuff.

Micro is like how to run a business.

They do the supply and demand because of classical economics.

Macro is like inflation and unemployment rates and stuff.

Micro is actually true.

It's almost entirely because it's based on classical economics.

And micro is good to go.