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Keynes never actually suggested doing that. He merely said it would be sufficient to escape from a liquidity trap. He advocated for productive work to escape th
by pydry 3y ago
Keynes never actually suggested doing that. He merely said it would be sufficient to escape from a liquidity trap. He advocated for productive work to escape them - like the US did by for example building the Lincoln tunnel.
If he were around today to see e-digging holes and filling them up - bitcoin - he'd be horrified.