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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (98969)	2/6/2005 7:31:22 PM
From: Ilaine	Read Replies (1) \| Respond to of 793759

Keynes advocated that governments, central banks and other monetary authorities should adopt different policies depending on the stage of the business cycle. In times of recession, the government should cut taxes and/or increase spending to boost economic output, and central banks should increase the money supply and lower interest rates. In the boom phase of the business cycle, governments should raise taxes and lower spending while the central bank should tighten the money supply and raise interest rates. If you don't believe me, google Keynes counter cyclical Or you could just read Keynes. He's actually quite accessible. As for whether homosexuality affects a person's economic theories, that's just plain risible. Prejudice masquerading as science is the sine qua non of pseudo-science.