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Barack Obama’a America: Keynesian economics on steroids
Posted By: Bookworm      1/3/2013 5:41:24 PM
Bookworm Room, by Bookworm
Original Article

When I was in junior high school, high school, and college, my American history classes always preached the same message: Franklin Roosevelt saved America by “priming the pump.” That is, he took money away from the rich, filtered it through the government, and then used the brain-power built into government to decide upon the infrastructure projects we know and love today, everything from Hoover Dam, to the Tennessee Valley Authority, to the cool art deco post offices dotted around the nation. It was only when I was in college that the teachers put a name to this wondrous system: Keynesian




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