Word: keynesian
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George W. Bush may or may not know from supply-side economics, or Keynesian deficit spending, or the difference between a wartime economy and a homeland defense economy. But the president with the 90 percent approval ratings has figured out one thing as Washington begins to get serious about a war on the recession: This is no time to be stingy...
...trader, but that he wants to promote policies that encourage efficient deployment of domestic capital, to close what he sees as a gap between foreign producers and Thai consumers. To that end, his economic advisers have promoted a policy of higher interest rates, insisting (heretically, to Westerners used to Keynesian pump priming) that is the only way to grow the economy. "We have to create an incentive to save, for money to stay in the country, and to force banks to seek out investments with high returns," he says. "It's the only way to get capital back to work...
...wanted domes, brick and ivy for our house, but many of us ended up in Mather. We jogged along the Charles, ate cheesesteak subs at Tommy’s Lunch and labored for hours in the stacks at Widener. We learned French impressionism, American transcendentalism, Keynesian economics and behavioral psychology...
...wanted domes, brick and ivy for our house, but many of us ended up in Mather. We jogged along the Charles, ate cheesesteak subs at Tommy’s Lunch and labored for hours in the stacks at Widener. We learned French impressionism, American transcendentalism, Keynesian economics and behavioral psychology...
...bulk of its sputtering. Bush, who rightly says he has "great faith in the economy" over the long haul, backloads the bulk of the benefits in the second five years of the plan - too late to blunt even an extended slowdown, and if he's making some Keynesian argument about cutting taxes in far-off times of plenty, he's not articulating it very well...