by Bill Forman
Anyway, for those who prefer their commentary a bit more nuanced, and possibly even more informed, Colorado College has just added political analyst Michael Barone to its free lecture series. A political commentator, historian and former U.S. News & World Report columnist, Barone will speak tomorrow (Tuesday) evening at Gaylord Hall, 902 N. Cascade Ave., at 7:30 p.m.
Of course, Barone is also a fellow at the American Enterprise Institute, the conservative think tank that helped staff and guide our previous president’s policy decisions.
A consistent critic of Obama's platform, including the current health care bill, Barone is also a big fan of John Maynard Keynes, as shown by a column he wrote in praise of the economist's obsession with "animal spirits." (Settle down, Pat Robertson, it's not what you're thinking.) Here's how Barone begins:
“Animal spirits,” said John Maynard Keynes, are the essential spring of capitalism. We depend on the animal spirits of investors, high earners and entrepreneurs for a growing economy.
Keynes, a subtler analyst of market economies than the single-minded booster of high government spending that so-called Keynesian economists depict, knew whereof he spoke. People don’t just respond in linear quantum jumps to the incentives and disincentives they perceive around them. They perk up when their animal spirits are aroused, and they slump down into inertia when they are not.
Neo-Keynesians who want to "perk up" their animal spirits can step right this way.