Keynes
mercredi 12 octobre 2016 à 02:00The economic advisor that the world needs to follow is Keynes.
The criticisms of the 1970s were based on an evident mistake: supposing that typical consumers are foresighted. All those Americans who foolishly got second mortgages would be proof of that, if there were any doubt. Anyway, most consumers don't know enough about economics to suppose that a stimulus program will lead to a tax increase later. And those who have to choose between food and medicine each week will spend all the additional money they get.