Friday, June 8, 2012
Reagan was a pro-corporations Keynesian
Krugman notes today that Reagan was a Keynesian. And in a sense he is correct. The fact is that Republicans, at least since Ford, have been the Keynesians, or the party of Big Government if you prefer, while Dems since Carter have been the small government party. The problem is that Republicans are Big Government for the wealthy and corporations, and nobody wants government for the unions and the poor. See this debate between Barbara Bergmann, Jeff Frankel, Bill Niskanen, and Larry Seidman from 2004 (with a longish intro by Berglund and Vernengo) where the issue is raised. So if Obama wins you get sort of almost anti-Keynesian policies, between the Democratic timidity (let's call it that), and the Republican obstructionism (yeah, that's also a nice euphemism). And if you get Romney, you'll get conservative Keynesianism, tax cuts for the wealthy and spending benefiting certain corporations.
Subscribe to:
Post Comments (Atom)
The World Upsidedown: Progressives and the Return of the Victorian Policy Consensus
Eminent Victorian? The complete shitshow that US trade policy has become has led to a paradoxical result. Many progressive critics of Fr...
-
There are Gold Bugs and there are Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
-
Teaching on the capital debates this and last week. So here are some thoughts, based on my class notes and the required readings (see below)...
-
By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
No comments:
Post a Comment