Showing posts with label John Maynard Keynes. Show all posts
Showing posts with label John Maynard Keynes. Show all posts

Monday, August 1, 2011

Death of Keynesian economics

Dick Durbin (D-Ill) says that the debt deal ends Keynesian economics. I hope so. John Maynard Keynes was a British economist whose ideas were employed in the New Deal of the 1930s. Keynesian economics totally failed to end the Depression and in fact continued it for 10 years.