Keynesian Economics

Austerity Offers Europe Their Only Hope

Michael Pento | Posted 05.17.2012

Read More: Keynesian Economics, Europe Economy, Keynesians, Austerity Measures, Austerity, Business News

Blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before.

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Bloomberg Businessweek on Obama, Economic Steward

Robert Teitelman | Posted 05.28.2012

Read More: Bloomberg BusinessWeek, Economics, Ronald Reagan, Barack Obama, Economic Crisis, George W Bush, Obama Administration, Keynesian Economics, Great Recession, Reaganomics, Business News

Mostly, it seems to mean that if Obama doesn't fully embrace your economic faith, then he has no faith at all, that he's a sort of economic atheist. But that's not the case at all.

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The Pension Wars

Richard Brodsky | Posted 05.27.2012

Read More: Keynesian Economics, Ows, Andrew Cuomo, Occupy Wall Street, New York, Pensions, Politics News

Budget crises cause short-term dislocations. Pension reductions may be inevitable in the short-term. We need a national dialogue on these questions that includes advocates who aren't afraid to defend a decent retirement for public workers.

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Obama's Not So New Deal

Tom Silva | Posted 04.28.2012

Read More: Keynesian Economics, Doreen Massey, Obama Infrastructure, David Harvey, Robert Moses, Baron Georges Haussman, President Obama, Politics News

The truth is that top-down government spending is as old as capitalism and not an invention that starts with Roosevelt and the WPA of the 1930s.

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The World's Leading Debtors and America's Exploding Debt Burden

Howard Steven Friedman | Posted 04.28.2012

Read More: Keynesian Economics, Free Market Capitalism, Greece, Federal Budget Deficit, Debt Ceiling, Greece Debt Crisis, Federal Reserve, Japan, Democrats, Austerity Measures, Tea Party, Oecd, Republicans, Austerity, Federal Budget, Global Economy, Foreign Affairs, Global Economic Crisis, World News

How do we increase federal revenue in ways that don't hurt the fragile economy? How do we control federal spending without stomping on the sprouts of economic growth?

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Mitt Romney: 'Closet Keynesian'

The New York Times | Paul Krugman | Posted 04.25.2012

Read More: 2012 Elections, Paul Krugman Mitt Romney, Mitt Romney, Elections 2012, Romney Economic Plan, Mitt Romney Economic Plan, Mitt Romney Economy, Romney, Romney 2012, Keynesian Economics, Fiscal Affairs, Mitt Romney Closet Keynesian, 2012 Election, Mitt Romney 2012, Romney Closet Keynesian, Paul Krugman, Election 2012, Politics News

Speaking in Michigan, Mr. Romney was asked about deficit reduction, and he absent-mindedly said something completely reasonable: "If you just cut, if ...

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Krugman: Austerity Is For Boom, Not Bust Times

The New York Times | Paul Krugman | Posted 03.02.2012

Read More: Business News, Keynesian Economics, Fiscal Affairs, Paul Krugman, Austerity Measures, John Maynard Keynes, Austerity, Business News

"The boom, not the slump, is the right time for austerity at the Treasury." So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove...

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The Super Committee, Austerity, Stimulus, and Compromise: the Collapse of American Politics

Richard Brodsky | Posted 01.22.2012

Read More: Keynesian Economics, F.A. Hayek, Technocrats, Super Committee, Huey Long, Congress Super Committee, Austerity, Politics News

How deeply do you want to plumb the depths of the collapse of the super committee?

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Finding the Right Analogy for the Economy

Jared Bernstein | Posted 12.27.2011

Read More: Keynesian Economics, U.S. Economy, Economic Recovery, Economic Stimulus Package, Stimulus, Economy, Economic Crisis, Business News

With the Super Committee meeting, it's time to determine how we should speak about the economy. Some commentators like to analogize government spending to a swimming pool, as if you can only take water from one end and dump it in the other end of the same pool. A dollar that the government spends on stimulus is a dollar someone else won't be spending, so there's no net gain. But this analogy is false. A better way to think of the economy is as a car, with fuel as the demand that propels the car forward. The gas tank is empty, but we've got a tank of gas sitting on the lawn next to the car. If we put the gas in the tank, the car can get started and go somewhere.

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Leonhardt on Why the Great Depression Was Good

Robert Teitelman | Posted 12.12.2011

Read More: Keynesian Economics, David Leonhardt, Unemployment, Great Depression, Economic Recovery, Business News

How can we get back to that marvelous age of the '50s with its amazing economic growth, low unemployment, great equality of incomes and world supremacy? The answer is: suffer through a slump that lasts a decade and that scars every American.

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Why We Need a Financial Transactions Tax

John Fullerton | Posted 10.25.2011

Read More: Keynesian Economics, James Tobin, Financial Transaction Tax, John Maynard Keynes, Finance, Tobin Tax, Financial Reform, Financial Transactions Tax, Business News

The truth is simple: A modest financial transactions tax of less than 1 percent would serve as a remarkably efficient tool to achieve needed reform.

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Paul Krugman Impersonator Uses Google Plus To Make Stupid Arguments In Bad Faith

HuffingtonPost.com | Jason Linkins | Posted 10.24.2011

Read More: Eat the Press, Keynesian Economics, Google Plus, Paul Krugman Imitated, Paul Krugman, Virginia Earthquake 2011, DC Earthquake, Video, Media News

It seems that some hardcore ninny took to the Google+ platform disguised as Paul Krugman and used that venue to disseminate some controversial stateme...

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Rick Perry Is a Socialist in a Secessionist Costume

Bob Cesca | Posted 10.18.2011

Read More: Keynesian Economics, American Recovery and Reinvestment Act, Economic Stimulus Package, Socialism, John Maynard Keynes, Stimulus, Election 2012, Obama Socialism, Rick Perry, Texas Governor Rick Perry, Politics News

Despite his many remarks against the federal government, Rick Perry is in fact responsible for Texas being the second biggest state recipient of stimulus dollars -- ostensibly "redistributed" from tax payers in other states.

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Krugman's War Won't Avert Depression

Michael Pento | Posted 10.17.2011

Read More: Keynesian Economics, Paul Krugman, Unemployment, Stimulus, Inflation, Economy, Business News

Paul Krugman extolled the benefits of war this Sunday on Fareed Zakaria's program Global Public Square. After all, he asserted, only spending equivale...

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Why the Jobs Argument Against Military Cuts is Bogus

Robert Naiman | Posted 10.16.2011

Read More: Keynesian Economics, Jobs, Super Congress, Spending Cuts, Military Spending, Politics News

An argument against cuts to projected military spending that is sure to rear its ugly head is that this would cost American jobs. In the current political context, this "jobs" argument is 100% nonsense. Here's why.

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Congressman Dennis Kucinich's Briefing to Solve the Debt Crisis

Stephen Zarlenga | Posted 10.11.2011

Read More: Money Power, Deficit, Congress, National Debt, American Monetary Institute, Dennis Kucinich, Money System, Federal Reserve, American Monetary Act, HR 6550, Monetary Reform, Kaoru Yamaguchi, Keynesian Economics, Inflation, System Dynamics, Business News

On Tuesday, July 26th, a day Washington DC was consumed by turmoil and posturing over "solving" a phony budget and debt crisis; in one place in the Capitol there was common sense -- the best America can offer.

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Bill Gross: Problem Is 'Insufficient Consumption And investment'

Washington Post | Bill Gross | Posted 10.11.2011

Read More: Keynesian Economics, Eurozone, Double-Dip Recession, President Barack Obama, Great Recession, Globalization, AAA Rating, U.S. Credit Downgrade, Debt Ceiling Deal, Credit Rating Agency, Treasury Bonds, Business News

For a few days there it seemed like President Obama was the master of the bond market. This is a Triple-A nation, he intoned on Monday, and always wil...

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The American People Lost the Debt Ceiling Debate

Bob Cesca | Posted 10.04.2011

Read More: Keynesian Economics, Debt Ceiling, Ali Velshi, Budget Deficit, Democratic Party, Republican Party, Obama Debt Ceiling, u.s. National Debt, Eric Cantor, Barack Obama, Austerity, Moody's, Debt, Debt Ceiling Debate News, Politics News

We lost. Middle and working class Americans. We're the losers in the debt ceiling debate. Not President Obama or the Democrats. And it was always going to be this way. As soon as deficit reduction became the only game in town.

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Consumer Spending Falls For First Time In Nearly Two Years

Posted 10.02.2011

Read More: Keynesian Economics, Deflation, John Maynard Keynes, Inflation, Great Recession, Consumer Goods, Consumers, Consumer Spending, Demand, Business News

WASHINGTON (Lucia Mutikani) - Consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely rose, a ...

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Durbin: Debt Deal Will Be The Death Of Keynesian Economics

HuffingtonPost.com | Elise Foley | Posted 09.30.2011

Read More: Keynesian Economics, Richard Durbin, Deficit, Debt, Debt Ceiling, Stimulus Spending, John Maynard Keynes, Spending Cuts, Debt Limit, Debt Deal, Dick Durbin, Politics News

WASHINGTON -- The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majo...

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Paul Krugman: Washington Determined To Prolong 'Lesser Depression'

The New York Times | Paul Krugman | Posted 09.21.2011

Read More: Keynesian Economics, 2008 Financial Crisis, Nobel Prize, John Maynard Keynes, Great Recession, 112th Congress, Lesser Depression, New York Times, Paul Krugman, Sovereign Debt Crisis, Business News

These are interesting times — and I mean that in the worst way. Right now we’re looking at not one but two looming crises, either of which could p...

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DeLong: Economy Is In A Liquidity Trap

Bloomberg | Brad DeLong | Posted 09.04.2011

Read More: Keynesian Economics, Bill Clinton, Paul Krugman, Deflation, Liquidity, John Maynard Keynes, Liquidity-Trap, Liquidity Crisis, George W. Bush, Business News

There is only one real law of economics: the law of supply and demand. If the quantity supplied goes up, the price goes down....

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Conversation with Jeff Madrick, Author of Age of Greed (Part Two)

Lynn Parramore | Posted 08.01.2011

Read More: Keynesian Economics, Financial Crisis, Wall Street, Financial Regulation, Business News

"One of the remarkable things about the Age of Greed is that not only did people make enormous money and were able to pursue their self-interest unchecked, but they reversed the history of American reforms."

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Advantage: Keynes?

Amitai Etzioni | Posted 08.01.2011

Read More: Economics, Keynesian Economics, John Maynard Keynes, Paul Auster, Germany, Austerity, Business News

If you want to know what is going to happen next to your investments, the job and housing markets, and more generally to the economy, you may want to follow what is happening to the ideas of British economist John Maynard Keynes. Keynes argued that when economies are sputtering, the government must increase deficits, because its increased expenditures will stimulate the economy to better growth. But what happens when our leaders don't realize the economy is sputtering, and uncork the champagne early?

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Zombie Economics

Glenn C. Altschuler | Posted 07.23.2011

Read More: Finance-Capitalism, The Great Recession, Keynesian Economics, Inflation, Privatization, Bush Tax Cuts, Glass-Steagall, Trickle-Down Economics, Supply-Side Economics, Monitorism, Books News

Age of Greed is clumsily-written and repetitious. It does not pay sufficient attention to structural problems and global challenges to America's economy. Nor does it provide clearly delineated alternatives to the misguided policies of the past.

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