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I think he is talking about "Keynesians", who use Keynes as theoretical cover for their statist/elitist policies. For example, Keynes advocated that government
by jazzyk 9y ago
I think he is talking about "Keynesians", who use Keynes as theoretical cover for their statist/elitist policies.
For example, Keynes advocated that governments spend the money that they HAVE (saved from budget surpluses when the times are good) to help the economy recover from a recession - and it is not a bad idea, per se.
The problem is that the US government has never had a surplus in recent history (save for one year 20 years ago).
Hence money printing.
- petre 9y agoThis has never worked. The government was never able to control economic cycles, although they advertise as such.