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Steve Keen: Blame Friedman, Not Keynes
post from Bearish News on 18 November 2009 03:39:16 PM. © Bearish News
Keynesian economics gets a gets a bad rap in some circles. I’m guilty of bashing inefficient “Keynesian” spending myself. After all, Keynes did think that government job-creation, regardless of merit, is beneficial to the economy — and preferable to doing nothing.In The General Theory of Employment, Interest, and Money, Keynes wrote:“To dig holes in the [...]
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http://www.bearishnews.com/post/2730
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