Asaf Bartov (ijon) wrote,
Asaf Bartov
ijon

So Keynes, after all?

So Krugman says Keynes was right and what the US (and therefore, to some degree, the world) economy needs is increased government spending, with an emphasis on material goods (e.g. public works) over financial assets. Bruce Bartlett of Forbes agrees, and stresses even more acutely the importance of the spending to avoid merely exchanging one security for another with no net effect.

So, is this part of the Obama plan? Skimming the (rather-marketoid-sounding) statements in Obama's "Economy Agenda", I'm not sure the advice offered by Krugman and Bartlett is a major part of the plan. Can any of you shed some light on this?

Also, wasn't "Keynesianism" disparaged in recent decades? Is this a semi-consensual "comeback"?

Update: Oh, hmm, Wikipedia suggests that both answers would be "yes".
Subscribe

  • Shah of Shahs / Ryszard Kapuściński

    Exactly 38 years ago, Khomeini returned to Iran from his exile in France, and set in motion the Islamic Revolution of Iran. A little over a year…

  • On Immigrants

    Speaking of immigrants, Sir Ian McKellen would like to offer this passage, from the Elizabethan play Sir Thomas More: GEORGE. Marry, the removing…

  • Goodreads is fun; Dickens; Mortimer

    I've been pretty indifferent to most of the recent social-network sites, but I'm really enjoying goodreads.com. I'm a pretty busy reader, with a…

  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 15 comments

  • Shah of Shahs / Ryszard Kapuściński

    Exactly 38 years ago, Khomeini returned to Iran from his exile in France, and set in motion the Islamic Revolution of Iran. A little over a year…

  • On Immigrants

    Speaking of immigrants, Sir Ian McKellen would like to offer this passage, from the Elizabethan play Sir Thomas More: GEORGE. Marry, the removing…

  • Goodreads is fun; Dickens; Mortimer

    I've been pretty indifferent to most of the recent social-network sites, but I'm really enjoying goodreads.com. I'm a pretty busy reader, with a…