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Keynes was not a farmer. Nobody can afford to not plant during planting season, not harvest during harvest. There are all sorts of things that a country is ca
by sandworm101 5y ago
Keynes was not a farmer. Nobody can afford to not plant during planting season, not harvest during harvest. There are all sorts of things that a country is capable of doing at time A that will spell their doom come time B.
- dalbasal 5y agoThis is true, but Keynes was just encouraging a macro perspective, in that statement. An economy, by definition, can afford it's output. It's still true that what we build, destroy, deplete and such affect the future. All keyenes was trying to spell out was that we can't really save or borrow from the future outside of these kinds of things. Economic output doesn't store like that.