Where Keynes went wrong : and why world governments keep creating inflation, bubbles, and busts / 6
6
Hunter Lewis.
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- vi, 384 pages 24 cm.
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Includes bibliographical references (p. 341-372) and index.
Commonsense economics -- Drive down interest rates -- Spend more, save less, and grow wealthy -- The immoralist (a digression) -- What to do about Wall Street? -- Look to the state for economic leadership -- In an economic crisis, print, lend, borrow, and spend -- Markets do not self-correct -- Yes, no, and again yes to economic globalization -- Drive down interest rates (and reap a whirlwind of inflation, bubbles, and busts) -- Spend more, save less, and grow poorer -- What (not) to do about Wall Street -- (Do not) look to the state for economic leadership -- Government for sale (a digression) -- In an economic crisis, printing, lending, borrowing, and spending just sow the seeds of the next crisis -- Markets do self-correct -- Yes to economic globalization -- How Keynesian was Keynes? -- Keynes speaking -- Keynes writing -- Upside-down economics : what Keynes would have you believe -- What is really wrong here : the central paradox of Keynesianism -- Saying goodbye to Keynes.
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Presents an overview of the economic theories of John Maynard Keynes and offers a critique of the Keynesian economic strategy of borrowing and spending which has been used by the current Obama administration to deal with the fiscal crisis of 2009.