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To: Oatka

Keynesians: spend in bad times, cut spending in good times.

Keystone Keynesians: bad times require more spending, good times are an opportunity to spend more.

Post Modern Democrats: spending as a form of economic masturbation.


9 posted on 09/11/2021 12:51:45 PM PDT by Rurudyne (Standup Philosopher)
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To: Rurudyne

Keynesians have never done that. Keynes weakly advocated that but the whole tenor of his economic philosophy was control of the economy by experts. So it was with Milton Friedman, too, but he thought it should be by smarter experts.


89 posted on 09/11/2021 2:59:07 PM PDT by arthurus ( covfefe nb)
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