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.

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Posted by on September 8, 2011 in Business, Economy


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