Joe Gagnon Believes in Large Portfolio-Balance Effects of Quantitative Easing
Liveblogging World War II: September 12, 1942

Yes. Mitt Romney Is a Keynesian. Why Do You Ask?

Greg Sargent:

Romney’s Keynesian ad blitz:: I’m late to this, but it’s important: Romney’s latest ad blitz promises to protect and create jobs by ... protecting and increasing federal spending. Of course, the federal spending in question is defense spending, so somehow it doesn’t count. Romney said back in 2008 that spending cuts don’t help the economy; even in 2012 Romney has at times accidentally revealed his true beliefs. I didn’t expect Keynesianism — okay, “weaponized Keynesianism” — to show up in his ads, however.