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Politics : View from the Center and Left

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To: JohnM who wrote (172751)9/27/2011 4:12:32 PM
From: Steve Lokness  Read Replies (3) of 543988
 
<<<<<And what the facts say is that Keynesian policy didn’t fail, because it wasn’t tried.>>>>>

Oh John, Krugman's not being honest here. You can argue that not enough Keynisian spending was tried - but to say "it wasn't tried" is nonsense IMHO. So what is Keynesian economics;

<<<<What Does Keynesian Economics Mean?
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability. >>>>>>

Oh my gosh, Krugman is arguing the government hasn't intervened? Nonsense!
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