Word: keynsian
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...details. There are early indications that Obama will have to sacrifice more of his own "worthy priorities" to maintain a responsible budget. For weeks, Obama's economic advisers have been repeating the mantra that times of crises are times of opportunity. It is a thesis well founded in Keynsian economics, since the federal government has great incentives to stimulate the economy by taking on more debt during downturns. About a month ago, a senior administration official explained the dynamic this way. "It's actually easier to do expansive economic policy in a recession," the official said, in a statement that...
This misquote, the authors, say, is the fault of a reporter at the Baltimore Catholic Review, who confused the senator's statement that he did not understand why Harvard students were attracted to Keynsian economics and a later mention of the "value of college fraternities." The reporter apparently mistook the word "Keynsian" for "communism...
...supply-side minions said would be brought on by tax-cuts for corporations and the rich. It has everything to do with Reagan's massive and pointless increases in defense spending and his bulging budget deficits, which together have unintentionally provided the impetus for an old-fashioned, demand-driven Keynsian recovery...
Left wingers--"Fabians and Keynsians" have turned the Economics Department into a "virtual Keynsian monopoly," the report claims. Citing Seymour E. Harris, Alvin H. Hansen, and other professors of Economics by name, the study points to the Department as "the breeding ground of much of the leftism in Harvard...
...post-war slump to be expected when the armament program is abandoned, the payment of these bonds would provide a cushion of consumer expenditure. England has already put the plan into effect by promising post-war rebates of the new taxes on low income groups. The full Keynsian program will go into effect this fall...
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