Keynesianism's Last Stand

Gary North reports:

The heart of original Keynesianism was its commitment to government deficits as a way to stimulate consumer demand. Keynes also recommended central bank monetary expansion, but the heart of his economic theory was fiscal imbalance. Somehow, money lent to the central government by private investors would get the economy growing again, whereas this same money, if lent to the private sector, would produce extended depression.

If you read one article today: this should be the one.