Is Obama a Keynesian?
Very funny. Hat-tip to Alec van Gelder, who you should follow on Twitter:
Tags: keynes, obamaVery funny. Hat-tip to Alec van Gelder, who you should follow on Twitter:
Tags: keynes, obamaBack on my now-virtually-dormant blog, I posted a rap video from across the pond to mark the start of the US stimulus package, kicked off by the legendary George W. Bush.
Now that we’re further in these stimulus attempts, I’m delighted to bring you a follow-up, to aid your understanding of the ideological Keynes v Hayek battle.
Enjoy…
Tags: hayek, keynes, macro economics, stimulus packageThe government’s economic recovery policy consisted of two tracks: “fiscal stimulus” and “quantitative easing.” The former was discredited decades ago, but now the latter, too, appears to be failing, despite it being the tool-of-choice of the neo-liberal consensus that dominated macro-economics since the 1980s.
My latest article at the IEA blog spells out why.
Tags: keynes, quantitative easing, stimulus package