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Epstein and Taylor: Are we all Keynesians now?

25 Jan 2010

Speakers: John B Taylor, Richard Epstein

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Richard Epstein and John Taylor reflect on the global economic crisis of 2008 and discuss why the Keynesian narrative of events fails to identify and explain the causes at the root of the crisis.

Epstein and Taylor evaluate the US government's responses to the crisis, assessing the effectiveness of TARP and President Obama’s stimulus legislation. Finally, they lay out the future steps that the US government must take to ensure recovery and growth. Key among them: “Don’t raise taxes.”

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