Posts Tagged ‘John Maynard Keynes’

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    Austerity and Harry Truman

    Dec 31, 10 • 294 Views • No Comments

    What are people saying about austerity, the 2010 word of the year? According to Dr. Econ at the San Francisco Federal Reserve, households are demonstrating austerity by saving more and borrowing less. On the one hand, living within our means is good. But on...  [read more]

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    Economic Growth

    Jul 19, 10 • 363 Views • No Comments

    Did someone once say, where you look determines what you see? For evaluating the impact of federal spending, perhaps that is the problem. Some economists emphasize the connection between federal spending and the change in GDP (national production)....  [read more]

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    A Contagious Disease

    May 6, 10 • 269 Views • No Comments

    Seeing the Bloomberg Businessweek headline, “Greek Contagion Spurs Surge in Portugal, Spanish Debt Swaps,” I started thinking about diagnosing fiscal illness, treating it, and contagion. How can we diagnose the illness? The illness...  [read more]

  • Deficit D

    Feb 20, 10 • 237 Views • No Comments

    2010Facing a $1.6 trillion deficit, President Obama creates the National Commission on Fiscal Responsibility and Reform. 1993:Facing a $260 billion deficit, President Clinton appoints a Bipartisan Commission on Entitlement and Tax Reform.The...  [read more]

  • Are We All Keynesians?

    Dec 15, 09 • 299 Views • No Comments

    According to the Yardeni newsletter, in 1965, A Time Magazine cover story was titled, “The Economy, We Are All Keynesians Now”. Even Milton Friedman was quoted as saying, “We are all Keynesians now.” (which he later corrected as having...  [read more]