According to a recent Rasmussen poll, 70% of Americans think that deficit spending should be decreased in tough economic times. Rasmussen goes on to say:
Rejection of Keynesian economics is found across demographic and partisan lines. Republicans and those not affiliated with either major party overwhelmingly reject the notion that increasing the deficit is the right prescription in difficult economic times. Among Democrats, 21% agree with the Keynesian approach, and 47% do not.
We're all Keynesians now, indeed.
Did the question specifically state whether or not they agreed or disagreed with Keynesian theories? If so, that is surprising and a good sign of things to come, while on the other hand, if they didn't, I wouldn't get too riled up. Populist rage over spending only recently popped up because of the recession and the publics outcry on how out of touch congress is to their problems. While in essence they would be rejecting Keynesian economics with their current philosophy and viewpoint, I wonder if they actually understand it or realize what they believe is anti-Keynesian, or if they will be able to ignore the next Keynesian to walk on the stage during a boom.
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