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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (146804)11/6/2014 3:11:28 PM
From: Wharf Rat  Read Replies (1) | Respond to of 149317
 
"This is the fallacy of Keynesianism. You can't cause salaries to increase by printing money"

The idea is create jobs by spending money, which might come from tax receipts, or it might come from the printers. Ike created jobs by spending money on highways. JFK created jobs by spending money on moon rockets. Raygun created jobs by building bombers, and Nixon and Johnson by building bombs. Weaponized Keynesianism isn't as efficient as the peaceful kind, which builds infrastructure.

en.wikipedia.org