Craniacs & Skyhookers
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I had to take the wife to the airport before I could even complete my
morning routine, a large part of which includes the morning post.
Therefore, this w...
5 hours ago
Relatively uninhibited philosophizings on self and kosmos whenever the mood strikes...
"The way the right wants to tell the story — and, I’m afraid, the way it will play in November — is that the Obama team went all out for Keynesian policies, and they failed. So back to supply-side economics!
The point, of course, is that that is not at all what happened. A straight Keynesian analysis implied the need for a much bigger program, more oriented toward spending, than the administration proposed."