[gotribe]

According to the great Doctor Gary North, the litmus test of Keynesianism is the attack on austerity. He writes:

Let’s say that you are reading an article on what the Greek government should or should not do. You read that the government’s proposed austerity measures will lead to a reduction of production. This will lower tax revenues. The government-debt-to-GDP ratio will increase. Austerity will therefore not solve Greece’s economic problems.

The article was written by a Keynesian.

More...

http://www.zerohedge.com/news/2012-10-14/guest-post-how-spot-keynesian

[tbw2]

Do you think our inflation rate is artificially set low?