Just as today's Keynesians claim the New Deal failed because Roosevelt didn't spend enough (raising taxes, recovery stalling in 1938), we will likely hear the same story in 20-25 years that the 2009 stimulus failed only because it wasn't big enough.

forecastpending

Speaker

Russ Roberts

Evidence Quote

the general consensus I think now of people who are advocates of Keynesianism is that Keynesianism was not tried by Roosevelt he didn't spend enough

Source

John Taylor on the State of the Economy 07/19/2010EconTalk
Created: 6/15/2026, 9:17:28 AM

My Notes

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