Maxime Bernier: Give Keynes the boot

National Post | Full Comment

Since the beginning of the economic crisis in 2007, Keynesianism is back into fashion. One of John Maynard Keynes’s central ideas is that when you find yourself in a crisis or a recession, the best solution is to increase government spending. Government spending will sustain overall demand, put everyone back to work and kick-start the economy. The New Democrats and the Liberals are strong proponents of this theory.

Even if you already have a high level of accumulated debt, it doesn’t matter. The solution to too much spending is more spending. The solution to high levels of debt is more debt.

There is something fundamentally wrong with that. Read more

View original post

Advertisements
Categories: Uncategorized | Leave a comment

Post navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: