Friday, June 12, 2015

Must-Read: Paul Krugman: Why Am I A Keynesian? - Washington Center for Equitable Growth

Some more clear and concise thinking by Krugman for you. Keynesianism is not about big government, but effective government. When there is a demand-deficient recession, government spending is almost certainly the best call. When the economy is working at full employment and and there is a budget surplus, reducing government spending and allowing private consumption and investment to lead the way is the more responsible agenda.

Must-Read: Paul Krugman: Why Am I A Keynesian? - Washington Center for Equitable Growth
We are for effective government works, not a big government for its own sake: private where private belongs; government where it is needed; circumstances alter cases. We are for an informed public sphere, not one that thinks a bigger or more active government is always better: we want to see voters who understand the technocratic pluses and minuses support politicians who recognize them.

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