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NEWS ABOUT: John Maynard Keynes

Boehner's Betting You Don't Understand Economics

There's no way spending cuts lead to job creation: Felix Salmon

(Newser) - John Boehner reacted to today’s brutal jobs report with a batch of his typical economic nonsense, writes Felix Salmon of Reuters . “Republicans are focused on jobs, and are ready to stop Washington from spending money it doesn’t have,” declared Boehner, calling for more federal spending cuts.... More »

Krugman: How Economists Blew It

Downturn blindsided big brains who thought markets were perfect

(Newser) - Believe it or not, economists were, until about a year ago, congratulating themselves on a job well done. Now the dismal science is in shock, and Paul Krugman thinks he knows why. Economists, he writes in the New York Times Magazine, “mistook beauty, clad in impressive-looking mathematics, for truth.... More »

Obama Must Spend Boldly— or It's Great Depression II

Only government can save us now: Krugman

(Newser) - For decades economists believed that a second Great Depression was impossible; all the Fed had to do, they said, is print more money. But as Paul Krugman writes, monetary policy has failed; despite "supplying liquidity like an engine crew trying to put out a five-alarm fire," credit remains... More »

End the Recession: Throw Us All a Grand

Banks just horde cash; citizens will spend it

(Newser) - The financial crisis has begotten a global recession, but government leaders across the world are still concentrating their efforts on fixing the banking system. That's a waste of time, writes Simon Jenkins; the banks only horde cash to save themselves and ride out the downturn. For the Guardian columnist, the... More »

Keynes Not a Dirty Word Anymore

Ideas of slandered economist could save the world

(Newser) - In his time, John Maynard Keynes was revered as a genius for his belief that humans shouldn’t “think of themselves as victims of impersonal economic laws,” writes Nick Fraser of the Independent. Later, conservatives mocked him and tarnished his name, attaching the word “Keynesian” to “... More »

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