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That's a very Keynesian perspective. The Austrian (heh) school says that in fact, the tax-and-spend policies favoured by Greek voters harm the economy in a var
by duncan_bayne 11y ago
That's a very Keynesian perspective. The Austrian (heh) school says that in fact, the tax-and-spend policies favoured by Greek voters harm the economy in a variety of ways, one of which is by encouraging malinvestment.
(And I agree with them, FWIW).