James Galbraith, the son of Keynesian hero John Galbraith, has recently written an article in The Nation. Apparently he thinks that if he keeps repeating discredited falsehoods they will become true. So people like him will continue to say that deficits are good for growth and the working class and will claim that governments never...
Tag: Keynesian Economics
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MRM #19
-George Will writes about global warming theories that are seemingly impervious to new contradicting evidence. – Yale edges out Cornell by a slim margin as the favorite to win the ECAC. – Despite popular arguments to the contrary, new research says suggests that stimulus spending might not be as effective as the “New Keynesians” might...