Keynesians Are "Lost"

A while back I said that Keynesian economics had really taken it on the chin and the supply-siders were winning the arguments - on "stimulus" and inflation. Well, Brian Wesbury comes out today with a great video declaring that Keynesians are indeed "lost". They're staggering around, flummoxed by that blow to the chin. Check out the video, in it Brian discusses the single most important economic metric that anyone could possible focus on - government spending as a % of GDP - and makes the case for a bullish outlook. I am less bullish on the macro environment because I think further financial shocks are in the offing as political solutions are not forthcoming so markets will take things into their own hands, and when they do they tend to be quick and ruthless. But Brian is not a man to bet against, you at least have to be aware of his case to be properly informed.