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Keynesian economics creates market failures. Government "stimulus" does not create natural demand and any "stimulus" has front-loaded costs that are paid for by
by asquabventured 11y ago
Keynesian economics creates market failures. Government "stimulus" does not create natural demand and any "stimulus" has front-loaded costs that are paid for by future generations.
Central "Planners" should be fired and our economic systems need to move to a more decentralized economic model,
à la Austrian Economic Theory[1] if we ever want to see natural growth again.
[1]https://en.wikipedia.org/wiki/Austrian_School https://en.wikipedia.org/wiki/Austrian_School
- ZenoArrow 11y agoThe solution isn't decentralized economics, it's debt-free money. Get rid of the need for money to create a return for its creators and you eliminate many of the issues with money in our society, including future generations having to pay for the spending of currently active governments.