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Politics : View from the Center and Left

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To: Steve Lokness who wrote (130865)	2/14/2010 3:27:41 PM
From: JohnM	Read Replies (1) of 542967

Greece is borrowing for today and pushing off hard decisions that should be made now. Isn't that really what Keynesians are doing? Only if you ignore context. The essential Keynesian argument is not about borrowing but how any modern economy can weather severe economic downturns in which standard tools no longer work. It's not about advising governments how to pay off too much debt by throwing it to the next government.

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