Why do liberals believe in Kensyan economics aka voodoo economics?

jennyann 4 · #1 (**permalink**) 05-03-2010, 08:04 PM

estezhamawi · #2 (**permalink**) 05-06-2010, 08:04 PM

Because Obama came from Kenya Lil

Actually, its because they live in a world of theories and socialism that has always failed miserably

Josh G · #3 (**permalink**) 05-10-2010, 08:04 PM

Don't know where you got your information, but "voodoo economics" refers to supply-side trickle down theories.

Gypsy · #4 (**permalink**) 05-13-2010, 08:04 PM

George Bush Sr. was referring to Supply-side economics when he coined the term "voodoo economics"

penelope m · #5 (**permalink**) 05-18-2010, 08:04 PM

VooDoo economics was a term coined by George Bush1during the Repugnantcan primaries as a response to Ronnie Raygun's idea of ripping of the middle class.

Dr. Zoom Zoom 3.0 · #6 (**permalink**) 05-19-2010, 08:04 PM

Actually voodoo economics is a form of Kensyan economics because it supports a strong centralized bank and Austrian economics does not. So the real question is why do liberals support Kensyan economics and not Austrian economics? They want a centralized bank because they know it will create a poor population through hyperinflation(increasing the supply of money) and they have something to campaign on which is "helping the poor".