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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (624922)	8/17/2011 7:59:16 PM
From: Tenchusatsu	1 Recommendation Read Replies (2) \| Respond to of 1578231

Al, > The idea that deficits are keynesian in nature is not accurate...that's what I meant. I would agree, but I just see way too many so-called "Keynesians" arguing for more deficit spending in order to "stimulate" the economy. That leads to insane arguments like "Unemployment checks are the fastest way to create jobs" or "Wasteful spending is still stimulus." Some have argued that Keynes himself would not have approved of his theories and proposed public policy solutions to be applied in such a reckless manner. The best advocate for Keynesian economics these days is Paul Krugman, but unfortunately that guy has gone off the deep end with regard to his liberal politics. It's too bad, since he's such an influential figure in economics, even winning the Nobel Prize. Tenchusatsu