20/01/2008 10:31:34 pm
Keynes Resurrected in the US - Temporarily? US President George W Bush again shows that he lacks most conservative economic principles. Now he proposes a large fiscal stimulus package to revive the economic growth rates. Keynes seems to be alive and well in the US right now.

Fortunately, that trend might quite soon start to reverse. Mr Bush has only one year left in office. And now John McCain won the South Carolina primary. No Republican candidate has been able to win without that state since 1980. And he opposes the stimulus package - as he opposed the tax cuts, with the reason that they were not accompanied by spending cuts.

The new Editor-in-Chief of Reason Magazine, Matt Welch, blogs very insightful about the US election at the Reason blog, here.