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To: unixfox

Keynesian economics require spending cuts when the economy rebounds. That’s the part that politician have always ignored.


12 posted on 08/01/2011 8:30:13 AM PDT by DManA
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To: DManA

As I understand Keynes he never advocated permanent and accelerating deficit budgets.

You deficit spend during a recession, you pay the debt back when the economy is growing thus smoothing out the highs and lows.

It’s bogus but that’s the theory.


18 posted on 08/01/2011 8:32:23 AM PDT by DManA
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