tag:blogger.com,1999:blog-7905515.post747815743269716467..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Keynesianism in PracticeEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7905515.post-36330847681493956322009-02-09T11:18:00.000-06:002009-02-09T11:18:00.000-06:00Presumably there is some additional context here, ...Presumably there is some additional context here, which is that Obama and his economic advisors think that the economy is in some kind of pathological shrinking state, and hence in need of stimulus.<BR/><BR/>Of course maybe there is no such thing as a pathological state, unemployment is never involuntary, and what we have here is an overextended economy in transition heading toward its right size. The Democrats are just taking advantage of the crisis atmosphere to pass spending bills they wouldn't otherwise be able to get through.<BR/><BR/>It's a bit unfortunate that the "science" of economics can't settle this matter, isn't it?Anonymousnoreply@blogger.com