A "Spurt of Keynesianism" is Not Enough

The transcript discusses the potential for economic recovery through private investment and the resurgence of Keynesian economics, emphasizing fiscal rectitude and countercyclical interventions. It highlights the impact of the Greek crisis on sovereign debt concerns and the global response led by figures like Gordon Brown and countries like China. The discussion also covers government borrowing patterns and the long-term benefits of fiscal stimulus in supporting economic growth.

How did the Greek crisis influence perceptions of fiscal rectitude according to the speaker?

What role did Gordon Brown play in the resurgence of Keynesianism during the crisis?

What is the significance of Keynesianism in the context of economic recovery as discussed in the text?

Discuss the cyclical effects of government borrowing as mentioned in the text.

What are the implications of ignoring the Keynesian notion of fiscal stimulus over a longer period?