Has John Maynard Keynes just won a ticket back to the White House?
Keynes was the British economist who advocated government deficit spending to stimulate moribund economies. And that seems to be the principle undergirding the $1-trillion infrastructure construction plan that President-elect Donald Trump proposed shortly before election day. Trump outflanked a $275-billion plan offered by his Democratic opponent, Hillary Clinton — though he asserted that his plan would require only $167 billion in actual government outlays via tax credits to private construction companies.
Read Full Article »