|
|
|
|
|
|
by donkalypse
3717 days ago
|
|
|
I agree that everyone in power today is Keynesian. I also agree that "Keynesian" is not what Keynes wrote. Long term, we may be worse off. But short term, Keynesian macro economic policy works. Collectively, society is too stupid for the alternative to work: don't centralize and don't panic. |
|
|
You hit the proverbial nail in the head.
Sometimes it appears that the people in power picked up Keynes' book and instead of reading "borrow and spend away in recessions, cut spending and pay the debt during economic expansion", they just read "borrow and spend away" and that was it.