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Throwing The Keynesian Baby Out With The Bathwater

August 13th, 2016 · No Comments

  • Some want to bury and forget about Keynes; we look into the arguments.
  • As it turns out, Keynesian economics explains the behavior of economies experiencing a slump very well and much of that is highly counterintuitive, hence many grapple with this.
  • Keynesian remedies also work well. The argument that politicians cannot handle it responsibly is a feature of a dysfunctional political system, not an inherent failure of Keynesianism.

Throwing The Keynesian Baby Out With The Bathwater | Seeking Alpha

Tags: Keynesianism