Monday, October 31, 2011

Weaponized Keynesians

Thank my guy Barney Frank for this label and concept.

Here's Paul Krugman's piece on what Barney was talking about.

Government spending is good for the economy except when it's bad.
Now if we could just get every one of the 99% to read this.


1 comment:

Anonymous said...


Thanks for posting this link.

The conclusion is one I agree with and feel that it is on the mark.

"So I welcome the sudden upsurge in weaponized Keynesianism, which is revealing the reality behind our political debates. At a fundamental level, the opponents of any serious job-creation program know perfectly well that such a program would probably work, for the same reason that defense cuts would raise unemployment. But they don’t want voters to know what they know, because that would hurt their larger agenda — keeping regulation and taxes on the wealthy at bay."

We could add: at any cost.

Old Dude