IT’S OFFICIAL: Keynes Was Right | Daily Ticker - Yahoo! Finance

No one who understands economics and history ever doubted he was :)

Pens Not Swords?

If, indeed, government spending in a recession is the right thing to do, and most non-ideological economists agree it is, we could spend about the amount of one month of the wars in the Middle East and balance all the state budgets for the year. Seems to me this would be a much a better use of the funds, and even if we have to put it on the tab, the economic (and psychic) benefits would be more than worth the additional interest in the long run.

More Pink Slips Coming for Public Employees: Is Austerity the Right Rx for a Weak Jobs Market? - Yahoo! Finance