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"Does Keynesianism have the keys to unlock the economic lockdown?"

Crisis economies always have a way of resurrecting state interventionist policies inspired by British economist John Maynard Keynes, who advised governments during the Great Depression on how their nations could recover from economic ruin. Today's coronavirus worldwide economic lockdown might lead us to the same devastating fate in a matter of weeks. The temptation to call on the largesse of public coffers via stimulus packages, loans, welfare, and regulation is almost unavoidable with record unemployment and draconian restrictions on most businesses. Yet the costs do add up: trillions in public debt that private citizens must eventually pay back.

Will a short-term economic boost through state aid boomerang into long-term stagnation because of massive public debt that leads to suffocating taxation on private income, perhaps even for generations to come? Or is the solution found in taking the brunt now and allowing markets to naturally repair economic wounds on their own? Join us next week with Victor Claar, Distinguished BB&T Professor of Free Enterprise at Florida Gulf Coast University, who will combine a sobering analysis of economics with Christian principles of hope, providence, and human creativity.

Reading: Can History’s Biggest Stimulus Stave Off a Coronavirus Depression? A Real-Life Experiment in Hyper-Keynesianism.

Speaker

Victor Claar
Lutgert College of Business at Florida Gulf Coast University

Professor

Victor V. Claar teaches economics in the Lutgert College of Business at Florida Gulf Coast University in Fort Myers, where he is the BB&T Distinguished Professor of Free Enterprise.

He holds a B.A. in business administration and mathematics from Houghton College in New York. He earned both his master’s and Ph.D. in economics at West Virginia University. Professor Claar has a long record of publications, including his influential book, Economics in Christian Perspective: Theory, Policy and Life Choices, and The Keynesian Revolution and Our Empty Economy: We're All Dead. Victor regularly teaches economics seminars at Acton University. 

Event Details

Start Date

End Date

Location

ZOOM Video Conference
Istituto Acton
00186 Rome RM
Italy

Schedule

Start: 6:00 p.m. CET- Rome  (12:00 p.m. EDT)

End:  7:00 p.m. CET- Rome (1:00 p.m. EDT)

Tickets

To participate, please RSVP via email. The Zoom seminar link will be sent to your email address Wednesday 22 April at 5:00 p.m. CET (Rome time). Please join on line by 5:45 p.m. CET to test your audio/video and connect with friends joining the seminar which starts at 6.00 p.m. CET.

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