Keynes & Other Macro Delusions
The economic downturn that has accompanied the coronavirus crisis has seen huge increases in government deficit spending and mounting national debt in the United States and many other countries around the world. A revived version of Keynesian Economics has emerged rationalizing and justifying massive government expenditures as cures for falling production, rising unemployment, and widening income inequality. It seems worthwhile, therefore, to take a fresh look at Keynesian Economics and to “disaggregate” its originator, British economist John Maynard Keynes (1883-1946).
Read Full Article »
Comment
Show comments
Hide Comments
