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"Also, when you say spending, is this gov spending or private spending?" Private spending, though the theory is coupled with the idea that government spending
by alvah 4y ago
"Also, when you say spending, is this gov spending or private spending?"
Private spending, though the theory is coupled with the idea that government spending should increase to take up the slack when private spending declines.
- lll-o-lll 4y agoThanks for all this. Looks like I have some reading to do. On a side topic, is there much hope for devolution of power in our current political systems in the West in your opinion? I’m Australian, but would be interested in your take on any western country.
- alvah 4y agoI'm Aussie too, but I'm not optimistic about the political direction in any Western country.