There is no free in liberty.


Tuesday, July 5, 2011

Christina Romer Accurately Labels Our Keynesian Attempt at a Recovery as a "Growth-less Recovery"...


Remember those green shoots? They were the result of Keynesian stimulus spending and revealed themselves to be no more than a blip in GDP. Although there is no doubt that stimulus showed up in GDP measurements, there was no organic economic growth as a result of that stimulus spending.

Christina Romer, former Chair of White House Council of Economic Advisers, correctly recognizes that Keynesian solutions result in what she calls a "growth-less recovery".

Thank you for the term...


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