Day: February 27, 2014

Celebrating the Stimulus?

We are now five years into the passage of the heralded stimulus bill that was supposed to end all our economic woes. Is it time to celebrate yet? This whole “have-the-government-spend-more-money-and-prosperity-will-result” approach is nothing more than resurrected Keynesian theory. John Maynard Keynes was the economist who became the darling of those who sought to prime the pump of the economy by government expenditure. Richard Nixon, who at one point decided to impose wage-and-price controls on the private sector to resuscitate… Read more »