I've haven't heard or read a simple explanation of Keynesian economics but I've heard supply-side drivel for decades. Michael Lind in Salon makes a very good point:
The center-left needs its own village explainers, with their own charts and their own blackboards. In the plain language used by FDR for his Fireside Chats, they could show how liberalism is rooted in American values and history, instead of being an alien transplant from socialist Europe. They could sketch the relations between today’s radical right, with its loony theories about a Muslim-leftist world revolution, and the similar conspiracy theories of the Liberty Lobby in the 1930s and the John Birch Society in the 1950s. They could put up diagrams on the screen to explain elementary Keynesian concepts and show the need for public spending, or exports, or both to make up for depressed private consumption in a near-depression like the present.
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Liberty Lobby did not exist in the 1930s. Moreover, Liberty Lobby opposed the Vietnam War, feuded with Welch and the JBS and did not believe in a monolithic Sino-Soviet Communist conspiracy.
Thanx for the info about Liberty, Ken.
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