Saturday, January 31, 2009

Keynes Fan..............

All Things Considered, January 29, 2009 · John Maynard Keynes is an unlikely hero for our time. Keynes, a British economist who died more than 60 years ago, inspired President Barack Obama's plan to save the U.S. economy with a massive round of government spending. The British economist published his big theory, the one underpinning most of what Obama intends to do, in 1936. By the 1980s, many believed Keynes' ideas were utterly discredited. But he is the man who came up with the then-radical notion that a government can pull a country out of a deep recession by spending a lot....Link

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