What Happens with the National Debt
The Political Orphanage
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The Cost of Excising Elbow Cancer
John Mann: When it comes to government spending during a recession, Keynes unquestionably and universally beat the snot out of Hayek. In 2020, Congress authorized $2.2 trillion in stimulus spending as part of the CARES Act; highest level of dissent was didn't vote. He says even triumphant Keynesians believe you should turn off the spigot once the economy is recovered. And indeed, by the end of Harry Truman's first year in office, the federal government is once more running a surplus.
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