Surfing the Southside - Hatteras Island. Photo by Zog

Friday, December 30, 2011

Keynes Was Right

Past and current history continues to show that economist John Maynard Keynes was right about the role of government in economic recoveries.  Lack of good jobs is one of our biggest problems, not the deficit.   We need more temporary government spending to create jobs and increase demand for goods and services until the recovery is well underway.  We could start with investments in our aging infrastructure and in our community colleges which have been neglected at the very time people need more education.  Then we can focus on the deficit.

Paul Krugman explains here

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