Countercyclical Keynesian Policy?
Posted in Economics Problems, Macroeconomics on Jun 3rd, 2010
Keynesian fiscal policy calls for stimulative government spending programs when private consumption sags and calls for a reduction of government spending when private economic activity is heating up. The joke on the people who are skeptical of government, but who are economic utilitarians nonetheless is that the latter rarely happens. For example, I’d get on […]