Progressives, Keynesians and Power
Posted in Macroeconomics, Politics on Mar 24th, 2011
Earlier this week I said something that might have surprised some readers. The context had to do with orthodox Keynesian policy prescriptions. The elevator version of Keynesianism is this: run government deficits during recessions and run surpluses during boom times. If we ignore tax policy, this would mean government spending should increase during recessions and […]
