Our Dwindling GDP Growth March 19, 2017Posted by geoff in News.
The article at Zero Hedge claims that this shows that Keynesian economics doesn’t work. I think it shows that Congress is incapable of properly applying Keynesian economics, that the global economy has become more competitive, and that increased regulation has stifled growth.
But regarding Keynesian economics in particular, I think it’s unlikely that our government would ever succeed in applying it. It requires discipline and a better understanding of economics than we currently have.
And an absence of greed.