9.23.2009

Richard Posner Becomes a Keynesian

"Fortunately, there is more that government can do to arrest a downward economic spiral besides pushing down interest rates. It can offset the decline in private consumption and investment in a recession or a depression by increasing public investment." - Richard Posner

Sure, government can - but should it? I've only made it about two pages into the piece, but I'll share it with you anyway.

When I saw the title this morning, I thought: "Oh boy - what next?"