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Can anybody explain to me like I'm five why this isn't just Keynesianism working as expected, as it did globally in 2008 (where the world didn't do enough of it
by rgmerk 3y ago
Can anybody explain to me like I'm five why this isn't just Keynesianism working as expected, as it did globally in 2008 (where the world didn't do enough of it in retrospect) and 2020-21 (where the world did a bit too much in retrospect)?
- JackFr 3y agoIt is exactly Keynesianism. It is Krugman's baby sitting co-op. https://slate.com/business/1998/08/baby-sitting-the-economy.html https://slate.com/business/1998/08/baby-sitting-the-economy....
- imtringued 3y agoIt is technically proto Keynesianism since Keynes himself said that he took some inspirations from Silvio Gesell. However, it is also different in the sense that it remains very close to classical economics in every aspect other than money.