[lbo-talk] Marxist final exam for Keynesians

c b cb31450 at gmail.com
Wed Oct 5 06:39:21 PDT 2011


CB: Here's a Marxist political economic final exam for Keynesians: What do Keynesian ideas on abating recession have to teach the Occupy Wall Street, Chicago, LA, etc movement ? How would inculcating those activists with Keynesian ideas be different from steering them to the Democratic Party ( for the anti-Democratic Party Obessessionists) ? How much does government spending abate recession ( quantify it) ? To the anti-Obamaites, did the O Stimulus abate recession and unemployment at all ? Would a Stimulus twice as large saved us from the current supe-high unemployment rate ? or not ? Three times as large ? How precise really is Keynesian science ?



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