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This is for Q3 of this year, for which the government is saying we're not in a recession. The problem with Keynesian economics is that no one wants to turn off

by KK7NIL 2y ago

This is for Q3 of this year, for which the government is saying we're not in a recession. The problem with Keynesian economics is that no one wants to turn off the money printer when the times are good.

astrange 2y ago
> The problem with Keynesian economics is that no one wants to turn off the money printer when the times are good. That's what central bank independence is for. Raising interest rates is effectively the same thing. Besides that it has been turned off for three years: https://fred.stlouisfed.org/series/WM2NS https://fred.stlouisfed.org/series/WM2NS But the US population is getting increasingly older so there will be increasing pressure on welfare for them.