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by imtringued 1715 days ago
>For example, Keynsian economics requires everyone to be forced to save through a central banking system.

Where did you get this strange idea from? You can literally buy anything with your money to save in real assets or at least non monetary savings like bonds. If anything, low interest rates tell you you should stop saving in money but they don't force you to save or stop saving in money. Nobody is here to tell you what you should do as an individual actor.

1 comments

The money exists in a closed system controlled by a central banking system. You might move your money around but the control remains. I didn't mean to imply that my free will is at risk with our current system. Only to point out that the Keynesian model has a hard time existing if the money supply is determined by a gold standard. And back then I could buy the same things. I'm also not disavowing the great tools we have to control our economy. Just exploring ideas outside the narrow focus on greater and greater taxation in a world becoming more resistant to it every year.

If the US were forced back to a gold standard could they continue being Keynsian in the way they have been over the last 20 years?