Word: keynesism
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If you didn’t know, Costco stores sell toilet paper in packs of 36. In 2007, the Wall Street Journal reported that the average American uses 8.6 squares of toilet paper per bathroom visit, for a total of roughly 57 squares a day. Charmin Ultra has 264 squares...
Were your critic's disparaging remarks about American wines [Oct. 6] just sour grapes? Jack Dinsdale, MILTON KEYNES, ENGLAND
Quotes about Krugman: • "The best claimant to the mantle of John Maynard Keynes." - economist Brad DeLong)
The Treasury is also active in ways it wasn't during the Depression. Back then, conventional wisdom held that the government should try to run a balanced budget in a crisis, even if that meant cutting welfare spending and raising taxes. A generation of economists inspired by John Maynard Keynes...
The current crisis reminds us that, in a free economy, the price of the greatly improved long-term performance that only free economies can provide is an ineradicable economic cycle. As John Maynard Keynes pointed out in the 1930s, the cause of the cycle is alternating moods of optimism and...