Keynesian Economics and the Stimulus Plan

English economist John Maynard Keynes, seen here circa 1940, believed no one in America was smart enough to run it

During a 14 mile training run for the Nashville marathon today, I listened to another great podcast by the folks at Planet Money.  Adam Davidson and Alex Blumberg, the duo that brought the brilliant podcasts about how we got into our current economic mess (see previous post), released a new report, making  sense of the  stimulus plan.  Specifically, where does this figure of $750+ Billion come from?  What’s it being used for?  And why does Obama and his team think it will work?  The short answer is John Maynard Keynes.  The long answer, takes about 10 minutes, and you can listen to it here (click on the listen now button in new page)