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Keynesian Economics kept Australia out of recession in 08. They literally gave everyone 800 bucks. It was awesome, went out a bit more, bought lots of takeout a
by gonzo41 9y ago
Keynesian Economics kept Australia out of recession in 08. They literally gave everyone 800 bucks. It was awesome, went out a bit more, bought lots of takeout and a few bits for around the house. And the economy kept moving.
Now if only i could figure out a way to get more people to live in my SIM tower!
- roel_v 9y agoYeah, I'm sure that mining boom had nothing to do with it...
- UncleEntity 9y agoWhy stop at 800? Give everyone a million bucks and you'd have a booming economy.
- snarfybarfy 9y agoThat's a bit of a lame argument, along the same lines as the 'trickle down' effect. It probably depends on whether your economy is limited by consumer demand or by insufficient investments. For most developed nations it is clearly limited by consumer demand. Giving rich people more money aka 'trickle down' won't get the rich people to invest, because there is no demand (normal people already spend more than 100% of their income) In this situation giving away money helicopter style makes sense.