Why Haven't We Recovered Yet? (How the Keynesians Got It Wrong Yet Again)
4,810 views · Published 10 June 2012 · 9:40 · Indexed 12 November 2026
Channel: Shane Killian · 2012 · Education
Why Haven't We Recovered Yet? (How the Keynesians Got It Wrong Yet Again) The Keynesians keep saying the reason we haven't recovered yet is that consumption is still down. But as this video shows, consumption has been above its pre-crisis peak for two years! Everyone who took grade school math can tell when one number is larger than another number--except, apparently, for Keynesians. This video shows the actual figures, and why the problem is lack of investment, not lack of consumption. Source for graph data: http://www.bea.gov/iTable/iTableHtml.cfm?reqid=9&step=3&isuri=1&910=X&911=0&903=3&904=2005&905=2012&906=Q Source for Krugman's comments: http://krugman.blogs.nytimes.com/2011/12/28/the-problem-2/
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