Must-Read: Robert Skidelsky: Debating the Confidence Fairy: “Any Keynesian knows… a slump… is… a deficiency in total spending… …To try to cure it by spending less is like trying to cure a sick person by bleeding. So it was natural to ask economist/advocates of bleeding like Harvard’s Alberto Alesina and Kenneth Rogoff how they expected … Continue reading Must-Read: Robert Skidelsky: Debating the Confidence Fairy