In the midst of a deep global recession, becoming as the 1930s, we see government useless Keynesian pump-priming and stimulus budget-busting that will eventually induce extraordinary inflation.
Despite past experience, it’s interesting to see that there are still some economists who feel governments are not spending enough to get out of their economic doldrums.
There has to be some rationale for such thinking. Often it has to do with personal politics. Economists often weigh the pros and cons of their positions, and may never fear the consequences of what they suggest, if it suits their political leaning. ( See the Earl J Weinreb NewsHole® comments.)
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