Sunday, August 28, 2011

The Keynesian Story

I'm not sure how much of a future the Tea Party Republicans have; their approval ratings are incredibly low. It may be they will just slink back to their corners after the next election.

But the Wall Street Republican/conservative Democratic coalition will go on and on. That, I think, is the long-term enemy.

We need to make the case for Keynesian economic policies. The right has all the good stories, but they're propaganda for policies that fail, just as the communists had good stories, but couldn't actually create and run a government that delivered freedom and equality.

Keynesian policies work, but we don't have stories to tell, so we can't persuade people to vote for them.

John Maynard Keynes, The General Theory of Employment, Interest and Money, link.

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