Saturday, June 11, 2011
It’s a Keynesianism smackdown!
They’re going at it over at Real Clear Markets: Keynesianism, yes, or Keynesianism, no, definitely no.
My own view is that Keynesianism policies are necessary when the economy needs to be stabilized in an emergency – but Keynesianism doesn’t produce actual growth. Supply-side policies are necessary when the economy needs a jolt and sustained growth – but Supply-side doesn’t work so well in emergencies like we saw in 2008.
Just saying. Again. Not that anyone listens.
They’re going at it over at Real Clear Markets: Keynesianism, yes, or Keynesianism, no, definitely no.
My own view is that Keynesianism policies are necessary when the economy needs to be stabilized in an emergency – but Keynesianism doesn’t produce actual growth. Supply-side policies are necessary when the economy needs a jolt and sustained growth – but Supply-side doesn’t work so well in emergencies like we saw in 2008.
Just saying. Again. Not that anyone listens.
