Economic Arguments Against Keynesian Proposals Can Balance Out Pro-Spending Coverage

With the 2010 mid-term elections approaching, time is running out for big spenders to force through new Keynesian measures and the New York Times is not pleased. A new report warns against the political fallout for Republicans who prioritize budget cuts over stimulus programs. There is limited value in the standard back and forth between competing lawmakers. Instead more economists should be permitted to debate the merits of new spending plans.. “Deficit Hawks” who are ambitious to roll back ...

Erin Go Bragh – Ireland Inspires Europe with Budget Cuts as NYT Plugs Obama, Decrys “Austerity”

Contrary to what the Obama White House recommends, Ireland is cutting its budget and alleviating debt. Other European countries now appear inclined to do the same even as The New York Times makes every effort to sell the EU on discredited Keynesian schemes... Ireland’s “Celtic Tiger” economy, the envy of Europe throughout the 1990s and the first decade of the 21st Century, has slowed dramatically and The New York Times recommends stimulus spending to grease the engines. The Irish Prime Minist...