I Guess the Right Wing Hasn’t Been Paying Attention for the Last Thirty Years

Tyler Cowen:

Anyone — Keynesian or otherwise — paying attention to the last thirty years of empirical macro never expected much crowding out of financial capital in the first place.

Google hit #3 out of 952,000, from June 1, 2011:

Two words explain all you need to know about our national economic debate.

I think you know what those two words are, and what the rest of the article says.

Try it yourself at home. For extra fun, try adding “Mitch McConnell,” “John Boehner,” or any other Republican to the search.

Has the Keynesian IS-LM model made good predictions lately? — Marginal Revolution.