18 May 2009

Rizzo 15, Keynesians 0

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Mario Rizzo has been doing great work over at ThinkMarkets during the last few months, puncturing Keynesian myths. Unlike some critics, Rizzo doesn’t simply say, “That justifies Big Government so therefore it’s stupid!” (appealing though that argument may be). Rather, Rizzo takes the Keynesian claim at face value and follows through to the logical implications, and ends up showing (a) it doesn’t justify the government policy in question and often (b) Keynes himself agrees with Rizzo.

Anyway, here is Rizzo’s latest post, this one on stimulus spending to boost “confidence.”

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