In the 1960s were heard the rally cry of  “give peace a chance”.  As was also true in that decade, the rally cry today is to give government spending more of a chance.  Apparently, we are all Keynesians once again.

To be a Keynesian suggests support for a theory that has never been fully tested.  John Maynard Keynes wrote his General Theory as a response to a deepening economic recession of the early thirties.  At the time of its writing, the idea of a depression was unknown.

Support for combating a recession through government intervention began with the New Deal.  Prior to this . . .

Continue this article on the Idaho Freedom Foundation site at http://www.idahofreedom.net/blog/crabb-lets-give-free-markets-chance-once

Filed under: Hot Topics, IDAHO FREEDOM FOUNDATION, JOHN MAYNARD KEYNES, PETER CRABB