The Keynesians’ special case

posted by
April 6, 2011
Foundation for Economic Education
by William L. Anderson  
Posted in Commentary

"Under the Keynesian paradigm, if monetary authorities cannot stimulate private spending by forcing down interest rates, then the only other avenue is for the government to borrow and create new money, and spend on its own projects. If the first option does not work, the second, by definition, must." (04/06/11)  


Our Sponsors