ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 13

we recall the civil right movement era of the 60s what did we learn from the recession of the period?There were two options that faced J.F.Kennedy when he took office in 1961 at a time economists agreed the country was recuperating from 1960 recession.Increase government spending on social programs or cut taxes and two prominent economists serving kennedy bickered for presidential attention.While a less prominent and new kennedy's economic adviser thought differently John Kenneth Galbraith wanted government spending to increase.Walter Heller with much pragmatic approach saw Kennedy was making little progress to get approval in the congress against the heavy lobbying from Galbraith.The President declined at first but the slump of 1962 made Heller's argument more convincing and vote swung in his favour.Across the board tax cut was favoured by the middle of 1962.Heller succeeded and prevented another recession as against longterm implication of Galbraith's choice of fiscal policy.Heller's perception was hinged