Keynesian economics

OTTAWA, CANADA — While U.S. lawmakers debate a Trump administration tax cut that will inexorably deepen the bone-deep budget cuts that have been eroding American living standards for nearly 40 years, Canadians are going on a bit of a spending spree.

By Jonathan Power
Donald Trump is changing the right wing’s economic spots. He is doing what Franklin Roosevelt did at the time of the Great Depression by increasing government spending – although it was the rearmament brought on by entering World War 2 that was an even more important factor in lifting America out of the doldrums.