Republican candidate Mitt Romney may be "a nice guy, but he spent too much time at Harvard," because all evidence, both in word and deed, says Romney is beholden to the cult of Keynesian economics.
In a nutshell, Keynesian economic theory claims that a lack of consumer spending causes a downturn in the business cycle, which in turn causes people to lose their jobs and/or make less money and therefore spend less themselves, creating a vicious downward spiral of economic decline. The Keynesian prescription to remedy this downward spiral is to increase consumer spending ...
[Free Market, January 2012]














