If This Be Keynesianism…
From an interview with Paul Romer in the China Daily:
“It’s possible to do something that’s very different. It’s hard for people to believe that just a little fishing port could grow into a huge successful city like Hong Kong,” Romer said.
Keynesians extol the city’s achievement as an “economic miracle.” In a short span of five decades, Hong Kong has grown from a city with a GDP per capita that was lower than that of its poorest African counterparts into one that is richer than the vast majority of countries across the globe, helped by a combination of factors such as the rule of law, its laissez-faire economic policies and a government that has made doing business and earning a living relatively easy.
Really? If by Keynesianism you mean rule of law and free trade, then, well, okay I guess.