November 12, 2016

We Are All Keynesians Now: Part 2

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Trump economic advisor Anthony Scaramucci took to the pages of the Financial Times yesterday to tout the bold, innovative plans in store for the American economy:

This could literally have been written by Paul Krugman any time in the past eight years. Needless to say, Republicans in Congress refused to give it the time of day. It was socialism! It was reckless! It was debt busting! It would lead to hyperinflation! And maybe worst of all, it was Keynesianism!

But now it’s edging closer and closer to Republican orthodoxy. I wonder how long it will be until Paul Ryan issues an entire roadmap explaining how fiscal stimulus is just what the country needs, and now that Republicans are in charge the country will finally get it?

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DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

With only days left until December 31, we've raised about half of our $400,000 goal—but we need a huge surge in reader support to close the remaining gap. Whether you've given before or this is your first time, your contribution right now matters.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do. That’s why we need you right now. Please chip in to help close the gap.

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