Tax-Cutting Keynesians

In their zeal to oppose the lunacy of the so-called “stimulus” plan, many radio talk show hosts and other pundits have fallen into the Keynesian trap. Rather than the politicians spending nearly a trillion dollars, they argue, it would provide much more stimulus if the government gave massive tax cuts. Although the instincts behind such arguments are sound, they often betray an underlying Keynesian mindset, writes Robert P. Murphy.

This audio Mises Daily is narrated by Floy Lilley.