The Return of the Keynesians

Except for the years 1993 to 1994, so-called “supply-side economics” essentially monopolized the policy debate from 1981 through 2008. Now, for the first time in decades, the economic imperatives of John Maynard Keynes and Paul Krugman are making inroads against those of Milton Friedman and Arthur Laffer. Where are we headed? What are the implications? How should we deal with the threats and opportunities as this war for the hearts and minds of the populace plays itself out, here and around the world? We’ll provide the answers.