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Just another elite who hasn't read Keynes. Funny that he gets that austerity in Europe was a bad idea but doesn't understand why monetary stimulus in the US do
by joshuaellinger 13y ago
Just another elite who hasn't read Keynes. Funny that he gets that austerity in Europe was a bad idea but doesn't understand why monetary stimulus in the US don't lead to growth.
We need more demand for aggregate demand, not more digital money sitting in banks.