What Would Keynes Tell Us to do Now
SiriuslyAngry, since you seem to want to talk about Keynes, why dont you read this. My quess is that you know very little about him. You seem to almost always spout right wing talking points.
Enjoy. Its a six page article and i have posted one of those pages
http://www.newyorker.com/reporting/2...a_fact_cassidy
THE DEMAND DOCTORWhat would John Maynard Keynes tell us to do now—and should we listen?
by John Cassidy
OCTOBER 10, 2011 Keynes in 1925. He hoped to save capitalism from itself.
John Maynard Keynes; Economy; Recession; The Great Depression; Economic Theories; Economists; The New Deal
Half a decade has passed since the bursting of a huge asset-price bubble, and the U.S. economy is still depressed. More than ten million Americans are jobless, and many more are working part time. The gross domestic product has yet to recover its pre-bust level. In Florida and other areas where the speculative frenzy ran hot, vast developments stand empty. Overseas, things are no better, and in some places they’re worse. Britain looks much like America. In Continental Europe, a debt crisis is wreaking havoc. Democratically elected governments appear powerless to turn things around. Political extremism is on the rise.
Read more http://www.newyorker.com/reporting/2...#ixzz1cZBb6EW6