Liberal
politicians insist that they cannot cut spending in order to create
jobs during a recession or depression. They cite Keynesian economics for
their reasoning; the theory of the early 20th century English economist
John Maynard Keynes.
However,
they have been –over simplifying Keynes’ short term ideas with a
religious-like permanent philosophy and are overlooking some pertinent
comments and critiques Keynes had made about his ideas.
Need real-life proof? President Reagan’s years show that spending cuts do work. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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