Obama: Twelve months on, the star falls back to earth... Oct 30, 2009
Obama: Twelve months on, the star falls back to earth - Americas, World - The Independent. from The Independent & The Independent on Sunday. (The Drudge Report)
The right (and political) reasons for mini-stimulus Oct 20, 2009
Doing away with Keynesian economics, will not happen. The Keynesian philosophy is to ingrained in both the Republican & Democratic parties. (Atlanta Journal-Constitution -- Opinion)
Horse Sense: A Teddy Roosevelt Republican takes on the Reagan Republicans Oct 18, 2009
Otjen's positions in support of abortion rights, gay marriage, a higher top federal income tax rate, Keynesian economics and U.S. withdrawal from Iraq and Afghanistan are clearly out of step with at least most Republican elected officials in Montanans. Of course, anyone who meets the legal qualifications and pays the filing fee is free to run for office. (Montana Standard, MT)
Bernanke works onas jobless tally mounts Oct 8, 2009
It would appear that proponents of Keynesian economics assume that government deficits and monetary expansion work their effects instantaneously in re-establishing full employment. They reject classical theory of price-wage mechanism in the belief that price-wage adjustment process is too lengthy and deflationary and, therefore, not desirable in view of the social cost of unemployment. (Asia Times Online)
We Are Not All Keynesians Yet Oct 6, 2009
To his credit, Bartlett recognizes that Keynesian economics is mainly a rationale for things that governments everywhere wanted to do anyway. That appears to have been the guiding principle for Obama s stimulus package: as White House Chief of Staff Rahm Emanuel put it, You never want a serious crisis to go to waste. (The American Conservative)
BYU-I president criticizes stimulus Oct 2, 2009
po wrote on Oct 1, 2009 6:28 PM:" Well that makes me sad, I wondered what his position was on the federal reserve and government stimuli. I was hoping he had a better understanding of the situation, but turns out he's a proponent of the failed theory of keynesian economics. You cannot spend your way out of debt. Government can't fix the economy by manipulating it. Every dollar the fed creates devalues your dollar. It is taxation without representation by unelected and unaccountable quasi-federal... (Rexburg Standard Journal, ID)
The Redemption of Keynes Sep 19, 2009
Keynesian economics, he argues, has at its core a deep appreciation of market psychology and unlike the efficient-market camp uncertainty. If you can't predict the future, Keynes reasoned, then you need a system that can handle breakdowns. (BusinessWeek)
Carl's Jr: When in trouble, blame socialism Sep 18, 2009
Paul's Keynesian economics requires that people make plans to consume more, invest more, and pay more taxes with the same income. Cochrane states this formulation as if it is an outright absurdity, and at first glance, maybe it does look crazy. (Salon)
Lessons from a virtual bank run Sep 8, 2009
Back in 1980, Lucas, of the University of Chicago, wrote that Keynesian economics was so ludicrous that "at research seminars, people don't take Keynesian theorizing seriously anymore; the audience starts to whisper and giggle to one another." Admitting that Keynes was largely right, after all, would be too humiliating a comedown. And so Chicago's Cochrane, outraged at the idea that government spending could mitigate the latest recession, declared: "It's not part of what anybody has taught... (Salon)
A question for Sierra Vista conservatives Sep 1, 2009
" you gotta be kidding wrote on Aug 31, 2009 8:14 AM:" Since some of you bring up Keynesian economics, let me remind you that his policies under FDR led to the longest period without an economic downturn in our history ... Because a Political Science teacher says it does not make it true, colleges are teaching Keynesian economics for crying out loud. (Sierra Vista Herald, AZ)
Deficit to Be $1.58 Trillion This Year Aug 20, 2009
58 Trillion This Year - CBS News. WASHINGTON, Aug. 19, 2009. (CBS News)
* Another stimulus is crucial for the global economy Aug 12, 2009
Has Keynesian economics been proven wrong now that it has been put to the test. That question would make sense only if Keynesian economics had really been tried ... At the same time, almost one-third of the stimulus was devoted to tax cuts, which Keynesian economics correctly predicted would be relatively ineffective. (Taipei Times, Taiwan -- Sports)
Another cash injection crucial Aug 10, 2009
Has Keynesian economics been proven wrong now that it has been put to the test. That question, however, would make sense only if Keynesian economics had really been tried ... At the same time, almost one-third of the stimulus was devoted to tax cuts, which Keynesian economics correctly predicted would be relatively ineffective. (Sydney Morning Herald -- Business)
Plan for auto school scrapped Jul 28, 2009
"Shane, when you're done with your wikipedia sources and your uninformed rant, you'll see why Keynesian economics can create jobs and growth, especially when there are none for younger folks in Cody. ". Shane wrote on Jul 27, 2009 4:49 PM:" note to Cody Enterprise:Just a suggestion, but posting the newest submission at the bottom of the thread, instead of the top, would clear up a lot of confusion regarding long posts. That way, posts too long to fit in one post could be read smoothly from to to... (Cody Enterprise, WY)
LETTER: Government spending not a help to the nation Jul 27, 2009
"-------------Absolutely False- proletariat. FDR's Keynesian economics did not provide the intended economic relief they were designed to address.So says John Maynard Keynes:In 1940, Keynes concluded that *war* would be the *only* way that politicians in democratic nations could rationalize spending enough to bring about full employment.Keynes wrote in The New Republic -"It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on the scale necessary to make... (Mattoon Journal-Gazette, IL)
Bailouts could top $23 trillion yes, trillion. Jul 22, 2009
Dave: Actually, according to Keynesian economics (the only kind that are proven to work), federal spending IS necessary to make up for drops in consumer spending, especially when interest rates have already bottomed out ... Does Keynesian economics, the kind you claim is the only one that has been proven to work, say anything about running up debt that is a multiple of the entire GDP ... Keynesian economics (the only kind that are proven to work). (Atlanta Journal-Constitution -- Opinion)
Sotomayor Still Standing After Testimony Jul 17, 2009
" Sotomayor's answer,"AS I've said, Senator" On, and on, and on, and on, and on... by pubsnomore July 16, 2009 12:32 PM EDT Al Franken threw another RePigSlimeScumClown out on the street. If he sat on his butt for the rest of his life and did nothing more, I'd still say it was enough. by gulliberal July 16, 2009 3:21 PM EDT for a libtard who stole the election via ACORN... by areuforreal July 16, 2009 4:24 PM EDT guliberalSpoken like a well informed 2nd grader by South-of-Heaven July 16, 2009... (CBS News)
Calling All Blue Dogs Jul 17, 2009
That is why we'll never convince them with evidence, from the growing scientific skepticism about global warming to the proven failed track record of Keynesian economics to the universal failure rate of socialized medicine throughout the world. But it is also why they'll never persuade the public to go along with their mischief if the facts get out, which explains their unilateral declaration of a consensus on global warming and their refusal to debate the issue, their historical revisionism on... (Townhall.com)
Five Americans Inducted Into Free Market Hall of Fame Jul 15, 2009
He used his position as financial editor of the New York Times and columnist for Newsweek to editorialize against Keynesian economics, the New Deal, and the imperial powers of government. His book, Economics in One Lesson, has sold over a million copies and become a classic. (Human Events Online)
Proposed income tax hike meets local resistance Jul 7, 2009
jgo wrote on Jul 6, 2009 12:23 PM:" It's also bad from a Keynesian economics POV. Instead of countering this second recession within the Bush-Clinton-Bush-Obama Depression, it would help worsen it. More state government cut-backs and tax reductions would be in order. (But them, I'm not a Keynesian. I am more of a student of the Austrian school who believes recessions and depressions are corrections to mal-investments, even mal-investments in government.) ". Local Advertisement Advertisement. (Carlisle Sentinel, PA)
Bank collapses put nationalisation back on British agenda Jul 5, 2009
Nationalisation, raising taxes and Keynesian economics are back in fashion. And many of the virtues she claimed for the market place have been shattered by the greed and stupidity of bankers, and the short-sightedness of politicians. (Sydney Morning Herald -- Business)
Two societies: One for the left, one for everyone else Jun 20, 2009
wrote on Jun 19, 2009 1:59 PM:" Who cares if there is no bipartisanship? W. entered into office touting his being a compassionate conservative and the importance of ushering in bipartisanship. Look what happened? The most partisan 6 years weve had since Reagan. And what else happened? The whole respect of the country diminished. We entered into two wars (by the way, can we even mention Bush in a respectable conversation about politics? His administration literally lied to the American people... (Waterloo Courier, IO)
Science views: Solving economic depression and danger abroad May 28, 2009
This is known as Keynesian economics, a theory that was first promoted by famed British economist John Maynard Keynes in 1936. Such a crisis existed in the 1930s. (Danvers Herald, MA)
Inflationism'sseductive battle cry May 27, 2009
This gets back to the disagreement I've had with the "inflationists" for years now: in the name of Keynesian economics, inflation proponents have repeatedly called for massive stimulus in response to the bursting of THE bubble, while in reality this activist policymaking was instrumental in only extending and worsening a systemic credit bubble. This was especially the case after the bursting of the technology bubble and is again true today following the bursting of the Wall Street... (Asia Times Online)
Globalization's sins in dire perspective May 18, 2009
"To compete in the global economy, a country must first invest in its own workforce and industries, before outsiders rush in to assume a complementary and supervised role in economic development. It is Keynesian economics and good old common sense." Jeter's words might offend those who consider President Obama a socialist. Thinking readers, on the other hand, will understand it as the lesson of history. (Boston Globe)
Astronauts Pull Off Tricky Hubble Repair May 17, 2009
This is classic Keynesian economics, which worked for this country in WW2 to recover from the depression-- which, by the way, was also a product of GOP mismanagement of the economy. In any case, you would do well to remember this recession has the letters "GOP" stamped across it-- caused by failure of federal market regulatory oversight during the Bush watch. (CBS News)
City Diaries May 12, 2009
I am a big fan of Keynesian economics and demand and supply. The banks supply an excellent product. (BBC News -- Business)
Private Investor Solves Housing Crisis May 8, 2009
- FHV is a micro loan based on macro Keynesian economics ... Keynesian economics is a macroeconomic theory based on the ideas of John Maynard Keynes that contends that private sector choices sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector which would include monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle. (Yahoo News -- Press Releases)
Pirates Closer to Our Shores Apr 28, 2009
Columns, funnies in your inbox. Townhall Daily Alert Your daily must-read of conservative columns, cartoons and news. (Townhall.com)
Obama brings energy message to Newton writeLink("vid_id=1546&file=obama042209.flv"); Apr 28, 2009
"-Geophysicist Dr. David Deming, associate professor of arts and sciences at the University of Oklahoma.By the way, the true cost of anything is its opportunity cost. A job study from Spain and their experience suggests each government subsidized "green" job costs 2.2 jobs in other industries. Dr. Gabriel Calzada, an economics professor at Juan Carlos University in Madrid says, "In terms of the Keynesian economics, the jobs multiplier of renewable energy, at least in Spain, is -1. 2. (Waterloo-Cedar Falls Courier)
The Coming Economic Tsunami Apr 28, 2009
Location: NV Reply # 1 Date: Apr 28, 2009 - 7:51 AM EST Keynesian Economics Keynesian economics is joke ... Third, and most important, "Keynesian economics" violates the Constitution. (Townhall.com)
Missed opportunity for inspirer-in-chief Apr 19, 2009
Instead, he delivered a bland lesson in Keynesian economics that could have been relayed from any other pulpit in America. He failed to enlist the help of those young Americans who must resist accepting the consumption patterns of their parents. (Boston Globe)
Decouple the worldfrom the dollar Apr 16, 2009
Recent publications include "Revisiting the Old Theory of Cyclical Growh: Harrod, Kaldor cum Schumpeter" (Review of Political Economy 14:2, 2002) and "Overcapacity and the East Asian Crisis" (Journal of Post Keynesian Economics 24:2, 2001-02). (Published with permission of the program at the Carnegie Council for Ethics in International Affairs. (Asia Times Online)
Tax Refunds Eyed For Bills, Not Shopping Apr 14, 2009
So much for supply side and keynesian economics. Trickle down economics only works if people and corporations do not have debt. (CBS News -- US)
Response to Dr. Nduom's stimulus package Apr 11, 2009
Of course, this is modified Keynesian economics. The concept of digging a hole and filling it up just to create output cannot be applicable in our knowledge-based world and cannot be a part of a stimulus package in our case. (Ghana Web, Ghana)
LETTER: Republicans offer little, except the word 'no' Apr 1, 2009
"Yeah, sure they are. I guess you're just going to ignore the fact that the corporations are begging to be taken over and asking for millions of taxpayer money.But hey, when did facts ever stop people from having knee jerk reactions?Fun fact: America hasn't been a "free market" (in the sense youre using it) since the rise of Keynesian economics. We're what you call a "mixed economy" and have been that for quite some time. Too bad republicans didn't have anything to say when Bush used the broken... (Mattoon Journal-Gazette, IL)
Beltway Arrogance and Blind Faith Mar 26, 2009
Negative data are simply rejected, as with his steadfast allegiance to failed Keynesian economics. "The fact is that the New Deal was, overall, a dismal failure," writes Levin. (Human Events Online)
Green Light AIG Bonuses Mar 24, 2009
Return Of Keynesian Economics Governments around the world are attempting to spend their way out of recession. Markets03/23/09. (Forbes -- Business)
Washington Panics, Wall Street Soars: Is Runway Inflation Next? Mar 24, 2009
(In my bestselling book , I explain why Keynesian economics is so powerful in today s world. . (Human Events Online)
LETTER: Obama is anti-business and pro-government Mar 22, 2009
")Yes.It was called Keynesian Economics under the title of The New Deal by FDR.Maybe that's why Obama has no plans to end The War in Iraq. ". jrussell wrote on Mar 21, 2009 12:50 PM:" shumphreys wrote on Mar 20, 2009 3:05 PM:" Folks will find anyone else to blame but themselves for the messes they get into. (Mattoon Journal-Gazette, IL)
The global economy, one household at a time Mar 20, 2009
By stringent application of orthodox Keynesian economics (heavy taxes in the good years to finance deficit spending in the lean years), Joseph apparently saved Egypt from economic collapse. On the other hand, he was compelled to nationalize the entire economy in the process. (Globe and Mail -- Business)
LETTER: Radio-TV dials stop before Rush's frequency Mar 13, 2009
And we know Porkulus won't work because Keynesian economics have never worked. Oh and, Porkulus II is already in the works and we don't even have the option of cut and run. (Mattoon Journal-Gazette, IL)
The Orwellian Presidential Bully Pulpit Mar 11, 2009
They do it with global warming, embryonic stem cell research, "intelligent design" theory and now Keynesian economics. They have plenty of help from the liberal lapdog media. (Human Events Online)
Knowledge is the key to understanding Mar 10, 2009
awitpigfm wrote on Mar 9, 2009 12:44 AM:" I too, an Fdot graduate...In Mr. Abraham's writing the "undeniable" wisdom of one economic theory is given for our only hope... ..."Mostly, they stem from John Keynes' writings in the first third of the 20th century",... The false assumption is made, the assumption being that we blindly follow the unproven hypothesis... Keynesian economics. Perhaps a more solid study, that of Austrian Economics, widely available at http://www.mises.org/, would provide a... (Waterloo-Cedar Falls Courier)
Philosophy of John Maynard Keynes Mar 5, 2009
British Influential Economist, famous for Keynesian Economics ... He was an influential economist of the 20th century and founded a school of thought known as "Keynesian economics.". (Suite101.com)
Your say The jobs crisis Feb 26, 2009
For some reason people think that Keynesian economics magically stops applying if you throw enough jargon around - it doesn't, if people can't spend people can't sell, period. But: why was my workplace affected at all. (Sydney Morning Herald -- Business)
Saved in Indiana Feb 24, 2009
She concludes, "economists who promote the government-knows-best approach of Keynesian economics fail to comprehend the damaging consequences of spurring economic activity through a money illusion.". The best news is towards the end, where she reports that "any move toward a new international monetary system based on gold will more likely take place through the grass-roots efforts of Americans" like, for instance, "The Indiana Honest Money Act" which would "allow citizens the option of paying in... (Asia Times Online)
Fight the bailout burnout Feb 24, 2009
Keynesian economics seems suddenly hip. But mass psychology can play just as much of a role in economic behavior as hard cash. (Kansas City Star)
Senator challenges editorial on tax relief Feb 22, 2009
It is Keynesian economics on steroids. Meanwhile, the Georgia legislature has chosen a different path. (Athens Banner-Herald)
Don't Expect the Dollar to Stay Strong in '09 Feb 20, 2009
I think a great example of this type of discussion is Kenneth Rogoff's open letter to Joseph Stiglitz back in 2002 on this specific question over criticism on the IMF. Stiglitz and Krugman are heavy advocates of Keynesian economics and issuing more debt to help economies pull out of their stupor. During the 1997 currency crisis, the IMF came under heavy criticism for pursuing improved fiscal deficits and raising taxes because it slowed down the economies. (MSNBC -- Business)
LETTER: Pork projects plentiful in federal stimulus bill Feb 19, 2009
There are just as many economists that say Keynes was wrong and FDR's policies actually would have prolonged the depression if not for WWII. " ed miller wrote on Feb 18, 2009 10:31 PM:" So, I'm too stupid to understand Keynesian economics ... Keynesian economics didn't work then, it has never worked in any country that has tried it since, and it won't work now. (Mattoon Journal-Gazette, IL)
Obama: It's stimulus or 'catastrophe' Feb 8, 2009
Keynesian economics was already tried in the 1970s under Nixon, Ford, and Carter, it did not work, and America ultimately ended up with both double digit unemployment, inflation, and interest rates. So Pres. (Insight on the News)
Do I have this stimulus stuff right? Feb 8, 2009
wtf wrote on Feb 5, 2009 2:35 PM:" It was Austrian Economics that predicted the mess we're in now; Keynesian Economics will only dig us in deeper.http://austrianeconomists.typepad.com/http://mises.org/ " ... Stella wrote on Feb 5, 2009 9:14 AM:" Steve, it's called Keynesian economics, and it's been around since the 30s. It would be nice to read one of your articles where instead of saying "I don't know anything about this but here is my completely uninformed opinion, and if you disagree with me,... (Lodi News Sentinel, CA)
Octuplets and all children deserve better Feb 8, 2009
Not only are you an idiot, you are an obvious pro-Keynesian economics idiot ... The problem with Keynesian economics is that no one reverses the intervention ... Just as communism was shown to be economically unsustainable, Keynesian economics is also unsustainable. (Atlanta Journal-Constitution -- Opinion)
The New Deal roots in the stimulus debate Feb 8, 2009
His theory that government intervention in the marketplace and monetary policy is the best method of ensuring economic growth became known as "Keynesian economics.". (0). (Sacramento Bee -- Opinion)
Letters to the Editor Feb 8, 2009
It appears the Obama administration intends to give us a good dose of Keynesian economics, where big government gets bigger by spending more money, which creates bigger deficits thereby increasing inflation and unemployment. His economic plan is supposed to create4 million jobs at a cost of more than 800 billion, which means each job he creates will cost taxpayers 217,000. (Corvallis Gazette Times, OR)
