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Pastimes : The Philosophical Porch
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To: Rarebird who wrote (6660)1/11/2012 1:01:42 PM
From: Steve Lokness  Read Replies (1) of 26251
 
<<<Supply side economics ..... It is at best a temporary fix, like heroine, which needs constant injections to suffice, slowly destroying the economy in the process.>>>



I think the same could be said for Keynesian stimulating. While disallowing any readjustment during economic downturns, we just have lived in a world where more often and bigger stimulus have become the norm. But with constant Keynesian spending comes ever bigger debt. I don't think Keynes approved of huge debt. But I think this is the failing of Keynesian; how to you guarantee pay down of debt in good times?
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