Has this idiot ever taken an econ course? I swear, these loudmouths are completely ignorant on economics but they have it in their head that they are automatically knowledgeable. I wrote a guy from the LA Times, Doyle McManus, about his ignorance masked by faux-confidence on the subject of price caps. He had one econ course in school but proclaimed that someone was wrong because they didn't embrace price caps.
Mr. Chait, Supply Side economics works, crusty Keyensianism doesn't, and you wouldn't want half of the techniques in Keynesisnism enacted anyway, for one, tax cuts. See Kennedy, John F.
Absolutely right. Most Democrats don't even know enough to wrongly support Keynesian economics.
Keynesian economics: cut taxes and increase spending at the trough, raise taxes and cut spending at the peak.
Uneducated Partisan Hack Pseudo-Keynesian economics: increase taxes and increase spending at the trough, increase taxes and increase spending at the peak, and increase taxes and increase spending on the way up and on the way down as well.