Deficit spending
mercredi 22 août 2018 à 02:00The ten years since the fiscal crisis demonstrate that Keynes is still right: deficit spending leads a country out of a crisis, while government budget cuts make it worse.
Why do today's economists so often refuse to recognize this? I think they are pandering to rich people that will profit from shock capitalism.
The full potential of budget-cutting disaster was visited on Greece, and Greeks will continue to be effectively serfs of the euro-banksters for decades more.