Category: Keynesian Economics

John Robson: NATO Pressure Won’t Stop Canada’s Free-Riding on US Defence Spending

July 10, 2023
Brian MulroneyCanadadefence spendingKeynesian EconomicsOpinionPrime Minister Justin TrudeauStephen HarperViewpointsWorld
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Commentary According to a newspaper, not this one, as Prime Minister Justin Trudeau attends the NATO summit in Vilnius, Lithuania, this week “pressure will be on” to make a meaningful contribution to the alliance. Pressure being a colourless, odourless gas whose only known effect is to cause journalists to write headlines. We’ve been free-riding on…

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Keynesian Policies Have Left High Debt, Inflation, and Weak Growth

November 14, 2022
high inflationKeynesian Economicslow growthOpinionViewpoints
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Commentary The evidence from the last 30 years is clear: Keynesian policies leave a massive trail of debt, weaker growth, and falling real wages. Furthermore, once we look at each so-called stimulus plan, reality shows that the so-called multiplier effect of government spending is virtually nonexistent and has long-term negative implications for the health of…

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Why Keynesian Economics Is Destined To Fail

April 19, 2022
Business & EconomyBusiness Columnistseconomic policieseconomicseconomyinflationKeynesianKeynesian EconomicsOpinionViewpoints
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Commentary  My colleague, Doug Kass, penned an interesting note suggesting “Keynesian Economics” will fail. To wit: “At the core of the Keynesian theory is that the coordinated monetary and fiscal policies can stabilize economic output, inflation, and unemployment over the business cycle. As noted above, there are exogenous forces at work in this cycle which…

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