Keynesian economics and regulation

posted by
May 8, 2011
Ayn R. Key
by Ayn R. Key  
Posted in Commentary

"It may seem rather odd to say this, but it is actually true that Keynesian Economists are not automatically advocates of the regulatory state. By definition, Keynesian economics is concerned with fiscal policy, using federal budgetary policy to moderate the economy. There is nothing about that which would indicate that a Keynesian must embrace regulation -- it is theoretically possible to encounter a Keynesian who is only concerned about fiscal policy." (05/07/11)  

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