If we (as a country) are unwilling to embrace the reality that the Keynesian premise that there is an immutable relationship between unemployment and inflation has been demonstrated (again) to be false, why don't the Administration types go all in on it then? If massive government spending and quantitative easing haven't done the trick, then wouldn't authentic Keynesians be advocating for not just extending the Bush-era tax rates, but lowering them? Of course, the President's so-called stimulus was never really about finding a solution in the first place.
Micro-Blog News Digest for thetroglodyte.com - Things that Catch the Eye from the View of the Cave
