Are Obama’s Policies Worse than the Keynesian Economic Theories He’s Hiding Behind?
Air Date: 01/09/2012
Summary: Freedom and liberty facilitate economy. Dr. Pejovich is our guest today, and he shares his unique perspective on American liberty. He was born in Belgrade, Yugoslavia during the reign of the Nazis. Is Obama using Keynesian economics as an excuse for his spending? Many people understand Keynesian economics to be a model with at least some merit. Dr. Pejovich tells us that Keynes was interested in making capitalism work, but Obama is interested in replacing capitalism with socialism. Obama’s spending doesn’t even follow the Keynesian model, so why are people being fooled into thinking Obama’s economic policies are Keynesian policies?