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:

TaxPayers' Alliance Icon

Food would be cheaper outside the customs union

4:20 PM 14, May 2018 James Price

TaxPayers' Alliance Icon

Time to scrap inheritance tax

3:34 PM 08, May 2018 Matt Gillow

TaxPayers' Alliance Icon

Why we publish the Town Hall Rich List

2:44 PM 11, Apr 2018 Jan Zeber

TaxPayers' Alliance Icon

The New Bucks Unitary Authority

11:23 AM 15, Mar 2018 Jan Zeber