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See also, https://en.wikipedia.org/wiki/Keynesian_beauty_contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest It doesn't even matter if the business
by FeepingCreature 5y ago
See also, https://en.wikipedia.org/wiki/Keynesian_beauty_contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest
It doesn't even matter if the business will have profits, it matters if the business will look to future investors like it will have profits.
- mrslave 5y agoIf only this were Keyne's most famous theory. I believe he (or the greater school of thought built around him) did argue that stimulus through discounted interest rates should be balanced in a timely fashion. But I have to look around the world and wonder which - if any - of our leaders is brave enough to do this? The long trend downwards in interest rates everywhere has not had the desired effect and there are a lot of negative side-effects. But on paper the CPI is kinda OK so it's not a problem, right?
- devoutsalsa 5y agoWithout my glasses on, I read that as Kanye’s and was really confused for a good minute.
- techwind 5y agoKeyne West is a well-known creative genius
- FractalHQ 5y agoKind of like crypto, nfts, or stocks right?