Democrats claim they are following the tenets of John Maynard Keynes whenever they say they are attempting to spend their way out of a recession with government outlays. This is really their own, exclusive version of Keynes economics.
Keynes did not believe you constantly stimulate an economy by spending and spending. The current administration does not look at the futility or lack of success of what it has been doing. So it attempts to repeat much of the same.
Despite the fact the public debt has us right on track to be the next Greece, or worse. (See the Earl J. Weinreb NewsHole comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment