The Big Fix: The Case For Public Spending

James K. Galbraith

Economics Policy Note Archive from Levy Economics Institute

Abstract: Keynesian economics is back. As John Maynard Keynes stressed, total spending matters-and not who does it or for what purpose. Tax cuts and deficit spending are, therefore, on the agenda; low interest rates seem here to stay. Stimulus is the watchword of the day. It remains only to fill in the details, or so it seems.

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