All Commentary
Wednesday, September 14, 2011

Government Seen as Big Player in Recovery


“Just weeks ago, economists and financial analysts were dismissing Washington as largely irrelevant to the economy’s course in coming months, if only because it chose to be. They are not dismissing it anymore. The possibility of major parts of President Obama’s $447 billion jobs bill becoming law, and of further steps next week by the Federal Reserve, have forecasters saying that the decisions Washington makes in the weeks ahead could have a substantial effect on economic growth and unemployment.” (New York Times)

News flash: Reports of big government’s demise are highly exaggerated.

FEE Timely Classic
“John Maynard Keynes, R.I.P.” by Richard B. McKenzie