Keynesian economics

The Real Obama Economy: Part One

The current misery index is closer to 14.7, worse even than during the Ford administration. Far from reducing economic inequality, it is Obama’s own policies that are actually driving the “inequality” that he regularly campaigns against.

Yellen: A Regressive Keynesian

Thomas Sowell, National Review Online

Economics has moved beyond Keynes, but the Obama administration’s Fed nominee hasn’t.