A “lukewarm” data set: ITR Economics Brian Beaulieu looks at recent economic data and sees a “lukewarm” economy. The latest edition of FedWatch explains why.
Time for a new tool kit? According to Brian Wesbury, there are two types of economic thought represented by differing school: demand side or “Keynesian Economics” (represented by the work of John Maynard Keynes) and supply side (Austrian) economists (represented by Milton Friedman and Others). Dr. Wesbury suggests that the Keynesian school has created problems it can no longer fix. Even warns that “The system has reached Peak Keynesianism. Like the late 1970s and early 1980s, it is time to change course. The good news is that because of democracy, this can happen any time.” Check out his blog post for a one page answer to the question ‘Have We Reached Peak Keynesianism?’”
