Great Depression’ ahead?

Discussion of current events
User avatar
Posts: 1830
Joined: Fri Dec 16, 2016 3:12 am

Re: Great Depression’ ahead?

Post by Sertorio » Wed Oct 17, 2018 11:26 am

SteveFoerster wrote:
Wed Oct 17, 2018 7:47 am
neverfail wrote:
Sun Oct 14, 2018 3:33 pm
Not helped along by the fact that the two big political parties in the US are in the habit of fielding endorsed candidates to run for president who, while they may present themselves well in front of the TV cameras, usually turn out to be clueless about macro-economic management.
Which is not surprising, since the entire U.S. mainstream is Keynesian.
Wrong as Keynes may have been sometimes, Keynesian economics is still the least wrong of all macroecononomical propositions. Growth depends mostly on an increase in demand. The thing to avoid is boosting demand by recourse do indebtedness (except on what investment is concerned).

Post Reply