Tag Archives: Freidman
Keynes vs Friedman (Part Two), How This Economic Debate Is Currently Impacting Europe & Will Soon Impact The U.S.
In this ‘monkey see, monkey do” world of ours, the heated argument between proponents of the Keynesian and Friedman economic schools that has been going on for decades may have been settled (at least for the foreseeable future) as one European country after another seem, like dominos, to be abandoning government stimulus efforts in favor of major budgetary cutbacks and betting the farm that the free market will right the ship. Continue reading
First in a series looking at whether the economic theories of Keynes or Friedman, or perhaps even a new third course, will provide the solutions which will help our country and the world community as a whole to find its way out of the current world economic crisis. Whether we will languish in a period of slow to no growth or even worse, experience a period of deepening economic downturn as a result of these choices is clearly a very important topic, one that should not be avoided because our academics and politicians seem inclined to present it in language that is unnecessarily complex and even confusing. Our aim is to start a conversation by which we can clarify the arguments and the consequences from which we all must chose. Continue reading