Is Keynesian Economics the best economic theory?
As Obama ponders who is the right person to tap for the ever-more-important role of Treasury Secretary, he must take a close look at their plans for stimulating the economy. Some have called Obama a Keynesian economist, but many wonder if that’s the best theory. For those non-econ geeks out there, Keynesian economics is essentially a theory that the best way to stimulate the economy is for the government to step in to increase spending, either by increasing the money supply or by actually buying things on the market itself.
