PDA

View Full Version : Mitt Romney Romney Campaign Details Economic Plan - CNBC 10/15/2012




Jumbo Shrimp
10-15-2012, 09:26 PM
http://www.youtube.com/watch?v=mDRpPvIAGYQ

Origanalist
10-15-2012, 09:36 PM
If You Like Obama’s Economic Team, You’ll Love Romney’s…

Posted by Mark A. Calabria

Just when you thought Keynesian economics was finally dead among Republicans, Mitt Romney announces two prominent New Keynesian academics, Greg Mankiw and Glenn Hubbard, as the heart of his economic team. So if you loved how Obama has managed to continue the flawed economics of the Bush administration*, you’ll feel pretty safe with Romney.

Sadly the real problem goes beyond Romney and Obama. The financial crisis and the government’s response to it illustrate the failure of much of mainstream macroeconomics. Yes, the Romney team would have had its stimulus proposal tilted more toward temporary tax cuts, but it still would have made efforts at government fine-tuning of the economy. In the grand scheme of things, there is not a dime’s worth of difference between Mankiw, Bernanke, and Romer.

Romney’s announcement does, however, give the other Republican candidates an opportunity to appoint someone outside the failed New Keynesian consensus that rules macroeconomics.

*In the interest of full disclosure: I spent 11 months with the Bush administration, leaving once I figured how there was no real commitment to free markets.

Mark A. Calabria • September 6, 2011 @ 4:36 pm

http://www.cato-at-liberty.org/if-you-like-obamas-economic-team-youll-love-romneys/

Jumbo Shrimp
10-15-2012, 09:46 PM
Good post. I was reading yesterday on Cato about Romney's energy plan, which has no substantial differences from Obama other than "end green subsidies."

Origanalist
10-15-2012, 09:58 PM
Good post. I was reading yesterday on Cato about Romney's energy plan, which has no substantial differences from Obama other than "end green subsidies."

Different rhetoric, and appeasing a few different special interests, but the end result..........