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 is their logic.
However, they have been –over simplifying Keynes’ short term ideas with a religious-like permanent philosophy and are overlooking some pertinent comments and critiques that Keynes had made.
Need real-life proof? President Reagan’s years are just one example that spending cuts do work. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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