Jess Brownell: Keynes & Friedman fight it out

Pub date February 6, 2009
SectionBruce Blog

“John Maynard Keynes, he’s our man. He knows more dead than Alan Greenspan”

By Jess Brownell

In the January 28 edition of the New York Times there was a full-page advertisement paid for by the Cato Institute and signed by 203 economists (if I counted correctly; I’m not an economist myself) objecting to the following statement by President Obama: “There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.”

The brief text above all those signatures advises the world that the signers do not in fact agree and deeply resent being lumped with those who do. No jumpstarting needed, in their opinion. Indeed, the so-called recession/depression seems to bother them very little. Less government and lower taxes will easily solve that problem, and psoriasis better look out, too.