by Mark Thoma, University of Oregon (Department of Economics)

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Obama and Keynesianism

Posted on May 17, 2008

The people who believe tax cuts pay for themselves continue to prove they don't really understand economics:Obama and Keynesianism, by donpedro: In my periodic Googlings for Obama economics I've come across this odd post Obama's Excremental Economics. You might think the title would give it away as a hysterical screed, but it seems to have picked up attention on conservative blogs, and the language doesn't sound completely insane, so I thought it would be worth pointing out what's wrong with it. Here are the main parts of the text: As prolongation of the 1930s Depression and stagfla...

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budget , deficit , economy , fed , inflation , interest rates , money supply , oil , stagflation , tax , taxes , the fed