Paul Krugman swats aside my naive plea for a New Keynesian consensus on fiscal policy, suggesting that conservatives have always been opposed to Keynes. But I stand by it. I think our Conservatives [UK, big C] were tethered by those views. Else why be so gentle, 2010-2015 and now? Not all of them, for sure. There's audible commentary complaining that the job was only half-done. The job being deficit reduction.
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Conserving Keynes
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Paul Krugman swats aside my naive plea for a New Keynesian consensus on fiscal policy, suggesting that conservatives have always been opposed to Keynes. But I stand by it. I think our Conservatives [UK, big C] were tethered by those views. Else why be so gentle, 2010-2015 and now? Not all of them, for sure. There's audible commentary complaining that the job was only half-done. The job being deficit reduction.