2 ms·
Keynesian stimulus is only a temporary measure to create inflation to get around sticky wages. Namibia's inflation rate is 5%/year. If wages are sticky 10% belo
by yummyfajitas 12y ago
Keynesian stimulus is only a temporary measure to create inflation to get around sticky wages. Namibia's inflation rate is 5%/year. If wages are sticky 10% below marginal product, then any BI in Namibia should last well under 2 years.
http://www.tradingeconomics.com/namibia/inflation-cpi http://www.tradingeconomics.com/namibia/inflation-cpi
Also, even testing at a town wide level is insufficient. This BI is merely a transfer of resources from outside the town into the town. How could that not make the town richer?
At the nation level the only way to accomplish that is imperialism.