RSS

It’s Not Working Mr. Keynes

08 Sep

One Reason Why Keynesian Stimuli Aren’t Working: They Aren’t Keynesian – Hit & Run : Reason Magazine.

An excellent review by Nick Gillespie of a piece in the Washington Times that puts the lie to the “Keynesian” theory of economic stimulus which has been miss-applied by the current Administration and which has utterly and totally failed. In fact, the author asserts that the stimulus has actually had a depressive effect and would be disavowed by Keynes as a correct use of his theory.

Both the original article and Nick’s review are worth your time.

Advertisements
 
Leave a comment

Posted by on September 8, 2011 in Business, Economy

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: