4 ms·
Your quote proves my point that Keynesians are the opposite of “statists” when he talks about “technique, taste, population and institutions” driving investment
by blake1 5y ago
Your quote proves my point that Keynesians are the opposite of “statists” when he talks about “technique, taste, population and institutions” driving investment decisions. That’s what I want to see in my economy. Do you disagree with that?
Not sure you’re reading the rest as intended either.
This is not a prescription for the government to drive down interest rates to zero so that no investor makes a profit, ever. It just means that when sufficient liquidity, the marginal return on capital should be zero, like any commodity. What’s wrong with that?