Remind me again why everyone keeps telling me that Keynesianism is politically advantageous.
- Rep. Boehner would beg to differ - he oversaw a major Republican victory, taking the House of Representatives last fall spouting distinctly anti-Keynesian economics which Bloomberg News recently called him out on.
- This afternoon Robert Murphy has a facebook status sharing that he "has noticed that a surprisingly large fraction of my Facebook friends bear an uncanny resemblance to Texas Congressman Ron Paul", refering to the fact that Ron Paul's visage gets featured in so many facebook profile pictures. Funny observation? Sure. But name one politician (much less presidential candidate!) you know that regularly mentions Keynesianism in his speeches the way Austrian economics gets mentioned in Paul's or who is regularly fawned over in facebook profile pictures!!!
- And while I'm quizzing you and asking you to name politicians, can anyone name a single politician that has come out through all these deficit talks and simply said "I think we should increase or at the very least maintain the deficit and then in a year or two at the earliest talk about major deficit reduction".
They may not all suit your fancy on Capitol Hill - but how in God's green Earth did this idea that Keynesianism is politically attractive catch on???
Comparative advantage: a partial truth
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