Some argue that Paul Krugman has flip-flopped on deficit spending. Closer inspection reveals that there isn’t much in this, his supposed love for deficit spending has always been conditional on the state of the economy. One could appreciate Krugman’s underlying economic model, as this has been the best in making sense of the post-financial crisis […]
Entries Tagged as 'Keynesianism'
January 26th, 2017 · Comments Off on Who Is Actually Inconsistent About Deficit Spending? Not Paul Krugman
August 13th, 2016 · Comments Off on Throwing The Keynesian Baby Out With The Bathwater
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 […]