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Politics : View from the Center and Left
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To: Katelew who wrote (129509)1/28/2010 10:32:26 AM
From: Mary Cluney  Read Replies (1) of 542089
 
<<<There must be a cabal of economists somewhere that have convinced the leadership of both Parties that at this juncture in history, it's cool to have the government try to spend the way out of a recession.

I still don't recall this happening in other recessions though perhaps it did.>>>

We are all Keynesians now" is a now-famous phrase coined by Milton Friedman and attributed to U.S. president Richard Nixon. It is popularly associated with the reluctant embrace in a time of financial crisis of Keynesian economics by individuals such as Nixon who had formerly favored free market capitalism.
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