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what's the mechanism? »  May 21, 2012   TrackBack URL for this
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liberal Keynesian dilemma:     "This suggests either that very
few share my unease at the Keynesian dilemma, or - more likely I
suspect - that these answers are inadequate."  I think most of
those who favour monetary stimulus could be classified as
Keynesians who are uncomfortable with the side-effects of big
government, and they seem to be fairly numerous (or is this just
an internet thing, like cats that look like Hitler and
libertarianism?)   "Very few people are arguing for a big shift
from current to capital public spending."  Aside from the
Observer:   The same principle needs to be extended to our
infrastructure. By any international standard, we lack adequate
roads, bridges, houses, railways, reservoirs, drainage systems
and much more. Efforts to stimulate innovation and investment
lack conviction and any serious resour