The boom, not the slump, is the right time for austerity at the Treasury.
Saturday, December 31st, 2011
Keynes Was Right
Stephan: Conservative economic theories and the policies that arise from them have proven to be disasters. Why, one might ask, do we continue such policies? The answer: because they make a small group of people very very rich, and they have bought the government; and because when you live in willful ignorance you can put your faith in ideology and theology since facts don't have any dispositive weight.