China should be spending like a Keynesian.

Throughout the post second world war period, America’s economy played the role of a shock absorber to the global economy by being the spender of the last resort. Now, with the government and private American in debt, it is up to the savers of foreign currency reserve to spend. (i put China in the [...]

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The Keynesian Proposition

Over at Economist.com, they got Brad DeLong and Luigi Zingales representing Keynesianism and Neoclassical respectively over an online debate on the proposition “We are all Keynesians now.”
The proposition is awkwardly framed, i mean come’on, arguing for the proposition is like arguing that entire political and economic elites agrees over the remedy needed to recover from [...]

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ECFA與救台灣

英九先生前天正式將要跟中國簽的協議定調為「兩岸經濟合作架構協議」（Economic Cooperation Framework Agreement，ECFA），並引述中經院的報告說：如果不簽ECFA台灣會有11萬人失業。言下之意似乎是台灣與中國經濟開放，可以拯救台灣的經濟。啟銘也說「ECFA會擱發」。從總統大選時，英九便不斷宣稱與中國開放可以拯救台灣經濟，可是從520至今，一連串的開放政策似乎並未未達到英九和兆玄宣稱的效果，從經濟學人、CNN和紐約時報都爭相報導台灣經濟遭受這波金融海嘯衝擊為世界第一，便可知。問題究竟出在哪裡呢？

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