Keynesians

The U.S. set the forces of globalization in motion, and now more than ever, it's clear we're suffering the consequences: high unemployment, stagnant or declining incomes, and rising costs for goods. Can the policies of the surging Tea Party provide solutions, or will they just make matters worse?

Every 40 years or so in the U.S. American capitalism has to be saved from the capitalists, and the current economic slump appears to be one of those times. What's needed now are policies that will help boost demand.

In classic Keynesian theory (the view basically espoused here), when the typical person's daily life improves, the economy is strengthened, corporate capitalism is strengthened, and the American system goes about its merry way. Jobs. Business formation. Innovation. Ingenuity. Efficiency. Rising...