Richard Posner's Conversion to Keynesianism
Gary North writes:
In September of 2009, Judge Richard Posner, one of the creators of the sub-discipline known as law and economics, announced his conversion, at age 70, to Keynesianism. He had been a Chicago School economics advocate for over 40 years. His confession appears here.
He had long been an advocate of property rights. Recently, he voted with the majority to deny the University of Notre Dame an exemption from ObamaCare’s requirement that employers provide health insurance that provides free condoms. A report is here. He wrote: "If the government is entitled to require that female contraceptives be provided to women free of charge, we have trouble understanding how signing the form that declares Notre Dame's authorized refusal to pay for contraceptives for its students or staff, and mailing the authorization document to those (insurance) companies, which under federal law are obligated to pick up the tab, could be thought to 'trigger' the provision of female contraceptives."
The key words are these: “If the government is entitled. . . .” That is precisely the legal issue. He said that it is so entitled. It is clear that Posner’s conversion to Keynesianism is complete.