Thursday, September 08, 2011

Perry the Purist - OK so far by me....

Perhaps the most thoughtful insight into the economic philosophy of the Lone Star State chief were his comments during the debate about chastising the use of government spending to stimulate the economy. President Obama, Perry argued, “has proven for once and for all that government spending will not create one job. Keynesian policy and Keynesian theory is now done. We'll never have to have that experiment on America again.” Perry appears not to believe in government manipulation of the economic system to spur job creation and activity in the economy. While Perry does not say it outright, he de facto endorses a more Austrian approach or a pure free market approach to economics.

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