Keynesian Economist Admits It’s a Depression

You know things have gotten really bad when a Keynesian economist starts talking truth. UC Berkeley economics professor J. Brad DeLong, a deputy assistant U.S. Treasury secretary under President Clinton, has published an opinion piece in which he calls on his fellow Keynesians to stop trying to cover up the truth and start labeling our ongoing economic problems as what they really are: a depression. The dreaded “D-word.” Keynesian economists are usually the last people to call things what Read more […]