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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (92562)	9/4/2018 11:37:59 AM
From: i-node	Read Replies (1) \| Respond to of 365739

>> Totally, except the whole part about Keynes being disproven. Keynes, as Keynes thought it, has been disproven. Aggregate Demand without ready Supply is a waste. That's precisely why the wasted trillion dollars in the second month of Obama's presidency did NOTHING. That's why, as most of us were waiting for the big effect to kick in, Christena Romer announced that the "stimulative benefits of the program would be over" in only months. WTF? Unemployment and growth haven't materially improved. WTF happened? What happened was the "stimulus" was based on the false notion that you could stimulate productivity by printing a trillion dollars. It was, in a word, stupid.