Friday, June 10, 2011

Waiting for Another Economist from Academe Professor disaster:

We are witnessing the total failure of academic Keynesian economics, with its heavy emphasis on high taxes and exorbitant government spending. Yet Obama sails blithely on, already in full campaign mode and still blaming George W. Bush and the Republicans (admittedly no models of fiscal restraint or responsibility) for everything.

The author, Michael Walsh, is pretty harsh on academic economists. I think that's unfair since the issue is--as the quote above implies--Keynesian economic group think. There are economists that represent other economic schools of thought. Hopefully, so of them will at least be interviewed.

No comments: