You may have seen or heard the term Keynesianism in the last few months, as a description of the Obama administration’s policy. From the right, calling that policy Keynesian is a criticism, but the left seems to embrace it as the only right way.
Daniel Hannan links to this 7-minute video clip from the Cato Institute, which provides a nice, simple explanation of Keynesian theory and its faults. BTW, kudos to Daniel for being a public voice for millions of sensible people.
In other news… From my late reading of late, I’m beginning to perceive a basic worldview conflict that manifests in the areas of politics, education, economics, religion, and elsewhere. I’m going to give it some more thought, and then try to express it here.