3 ms·
Im absolutly no Keynsian but you are misrepresting it. Keynesiansim is not 'lots of government spending' its about increasing spending in case of AD shortfall.
by nickik 12y ago
Im absolutly no Keynsian but you are misrepresting it. Keynesiansim is not 'lots of government spending' its about increasing spending in case of AD shortfall.
Now that might be millitary spending but that only works in a limited set of cases.
But the basic idea is of course often used as a excuse by lots of people. Turns out neither the voters nor the politicans have actually read much actual economic theory.
- api 12y agoI'm aware of that, and you're right: pop Keynesianism is not what Keynes actually argued.