The supply of paper money has doubled under Fed chairman Ben Bernanke’s watch. During the first three years of the Obama administration, Uncle Sam has borrowed $4 trillion. And the government even footed the bill for a “cash for clunkers” program aimed at jump-starting an anemic automotive industry.

Yet unemployment in America continues to hover around 9 percent and yields on the benchmark 10-year Treasury have sunk below 200 basis points. Both of which have prompted utter astonishment from devotees of the economist John Maynard Keynes who insist that big government spending is the sure-fire way to cure what ails the economy, or at least from those who don’t think the government has done enough.....

Read More: Rattner · Obama · Keynes · economy · crisis