Jeremy Corbyn is a great leader and perhaps one of the few leaders speaking for fiscal expansion. You could say some others too, but what I have realised is that politicians say nice things just to look good and them saying nice things about fiscal policy doesn’t mean much. But Jeremy Corbyn is different. He is pushing aggressively against austerity.

Here’s a great video posted by him on social media. It is really nice and captures the important elements of Keynesianism. It’s something that not even most economists understand and yet we have Labour, which has got it right!

click to view the video on Twitter.

A problem of our times is that even the left has abandoned Keynesianism. Jeremy Corbyn stresses to European parties regularly that if left ideas are to survive, they ought to oppose austerity.