The Nobel Prize for Economics goes to two Americans, Thomas Sargent of New York University and Princeton's Christopher Sims, who have separately exposed the flaws in government stimulus spending. For President Obama, a Keynesian, it's the Anti-Peace Prize. Stimulus spending is the equivalent of a "sugar high." Obama certainly didn't deserve a peace prize (in fact that looks pretty silly now), but these guys seem to know what they're talking about.
A Pair Of (Nobel) Aces - Investors.com
Monday, October 10, 2011
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2 comments:
You misspelled Kenyan.
Easy mistake, but John Maynard Keynes is the founder of Keynesian (pronouced Cane z in) economics.
It's an economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability. Obama may be Kenyan but he's obviously Keynesian.
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