Keynes: Not Our Rock

Jillian Bandes
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Posted: Apr 16, 2009 12:21 PM
Joseph Lawler has a good explanation of the failed Keynsian model and why it's so popular during a depression.
Keynes, then, is like the foul-weather friend of economists, appearing only when times are tough....Keynes's ideas...lose their luster when the economy is not in crisis.
The piece is especially timely given the criticism over "the point" of the tea parties, launched by those who can't stomach the idea of conservative grassroots activism. Sorry, critics - it seems like there's very little NOT to protest about our government's economic policies at the moment, given that the very foundation they're based on is crumbling.