Bad politics and bad definitions

Guided by Keynes’s macroeconomic fallacies and dodgy economic definitions, new governments will make the same mistakes as the ones they replace

We have a new government in the United Kingdom, and in a few months’ time there will be a new President in the United States. It matters not who becomes US President; either of the two leading contenders will make the basic errors already apparent in the UK’s new socialist government. And that is having the belief, or the self-given right, for a government to intervene in an economy for whatever purpose.