Taking Keynes’s name in vain

A C.D. Howe paper recently called for Ottawa to keep borrowing and spending up to .5% of GDP rather than to balance the books as Finance Minister Oliver plans to do in the spring. This advice reminds me of Nobel Laureate (and great Keynes critic) F.A. Hayek’s dictum that his problem was not with Keynes, but the Keynesians. Find out why John Maynard and I would side with Hayek and against further “stimulus” spending in my latest column for the Economy Lab feature in the Globe’s Report on Business.