Why Keynesians are wrong - 11 words and a video

December 01, 2010 4:04 PM

On his Telegraph blog yesterday, Daniel Hannan summed up why Keynesians are wrong in eleven words:
“Consumer demand is a consequence, not a cause, of economic growth.”

Hiwa Alaghebandian goes into more detail, explaining why policy-makers should focus on Gross Domestic Income rather than Gross Domestic Product, in this short video:

On his Telegraph blog yesterday, Daniel Hannan summed up why Keynesians are wrong in eleven words:
“Consumer demand is a consequence, not a cause, of economic growth.”

Hiwa Alaghebandian goes into more detail, explaining why policy-makers should focus on Gross Domestic Income rather than Gross Domestic Product, in this short video:

Latest Blogs:

TPA Bulletin - 19th May, 2017

4:39 PM 19, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Agriculture

11:15 AM 18, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Transport

10:39 AM 17, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Debt and Deficit

10:37 AM 17, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Tax Burden

10:34 AM 17, May 2017 The TaxPayers' Alliance

TaxPayers' Alliance Icon

NHS

10:29 AM 17, May 2017 The TaxPayers' Alliance