Assignment—Assignment—Keynesianism and Government Stimulus Programs

Keynes vs. Hayek
Should governments spend large amounts of money to get their economies going? For this assignment listen to the following recordings and then write down a list of coherent arguments for and against the Keynesian idea of using fiscal policy to stimulate the economy. Finally, write down your opinion. Which side do you agree with? Give the most important reason for your opinion. If you can't come to a decision, choose one or the other side anyway.

 

1.  Obama Gives Keynes His First Real-World Test   
2. Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way
3. Paul Krugman On Stimulus Moving Forward Into 2011