Book Nook Message Board - Msg: 15714608

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To: Ilaine who wrote (208)	4/25/2001 10:33:23 AM
From: Thomas M.	Read Replies (1) of 443

I agree that Keynes has gotten a bad rap, to a certain extent. His basic idea on fiscal manipulation was to stimulate the economy during recession, and restrain it during booms. Naturally, only the first half of this was ever carried out. Of course, given his moral laxity, I'm not sure if he himself would have had the will to run a fiscal surplus or tighten the monetary clamps during a boom. He helped put together something that did* work pretty well for a relatively long time.* Agreed. I don't really see any evidence that it isn't working today I'm not sure what you mean by this. Bretton Woods isn't in existance, which to me is evidence that it isn't working. Tom

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