What is it about Mitt Romney? The United States desperately needs smaller government, lower taxes, and less intervention, yet his comments and track record on issues such as the value-added tax, healthcare, Social Security reform, budget savings, ethanol subsidies, and the minimum wage leave a lot to be desired.
We can now add something else to the list. The former Massachusetts governor has come out of the closet as a Keynesian.
This is worrisome, particularly since he is speaking extemporaneously and thus more likely to be letting us see his real views.
To be fair, Romney’s statement doesn’t automatically make him a big-spending Keynesian. Even I have written that, in the short run, “there will be transitional costs when the burden of public spending is reduced.”
But when I say something like that, it is also in the context of explaining the myriad ways that the economy benefits when a bloated public sector is pared back.
And I like to think that I’m second to none in disseminating the medium-term and long-term advantages of less government.
Mitt Romney, needless to say, doesn’t seem to fully share those views.
For more information on this issue, here’s my take on Keynesianism.
I made a snarky comment in a previous post that, “If the answer is bigger government, you’ve asked a very strange question.” I’m worried, though, that Romney doesn’t think that’s a joke.