Showing posts from December 14, 2008

Stop Keynesian Stimulus Now! The video.

As the Keynesian revival sweeps the policy establishment, here's a fine antidote.  It's a video on the Keynesian myths behind the global push to crank up government spending and the size of government to stimulate the economy.  In less than 8 minutes, Dan Mitchell, a Senior Fellow at the Cato Institute, explains why it hasn't worked in the past, and won't work now.  Complete with graphs, but best of all is Mitchell's crisp, clear and steady delivery. See it here.    And then send it to everyone you know in any country. Every government and politician, from America's Obama to Canada's Harper to France's Sarkozy to the leaders of China, Japan, the United Kingdom - is rushing to implement Keynesian policies. This video could help stop some of the craziness.