All posts tagged "Keynesian Economics"

[rebelmouse-image 24748275 original_size="262x350" expand=1]Thank you for writing this post, Ezra, seriously. It's been bothering me that in both debates we've seen so far, it was just assumed that the government is going to have to tighten its belt because of the recession. You don't need a degree in economics to see why that's a bad assumption. You just need to have a very basic understanding of history to know what Keynesian economics are, and that one of the principles is that the government should increase spending in a recession to stimulate the economy. The way that everyone is carrying on as if they don't know this is baffling.