On: In Fed and Out, Many Now Think Inflation Helps

[ekianjo]

Academics being funded by Keynesian politicians has surely nothing to do with it.

[TreyS → ekianjo]

Anecdotal but I would imagine it's similar in reputable state schools in red states: Texas has very few Keynesians yet economics professors at the University of Texas are overwhelmingly Keynesian.

[jswinghammer → TreyS]

Virtually everyone you encounter in the government subscribes to Keynesian economics to the degree that they understand anything at all about economics. When economics is explained in the media at all it is through the lens of Keynesian economics.

[eli_gottlieb → jswinghammer]

Yes, well, Keynesianism is an important piece of the neoclassical synthesis. To be droll: "mainstream theory is mainstream."

[tzs → ekianjo]

University of Chicago and the other "freshwater" schools show that non-Keynesian schools can get funded.