06-08-2017, 08:12 PM
(06-08-2017, 05:35 PM)JustWinBaby Wrote: That would be outstanding if true Keynesian economics is what the Fed and states practiced. But in reality, they only implement the half that is either spend more or tax less (and, increasingly, BOTH)...in all situations. This pattern, along with issues arising from too much debt, is probably what is leading to diminishing returns from stimulus spending.
Oh, I absolutely agree. I have railed on about this at length with people. I suppose I should expect nothing less but bastardizing any sort of economic theory when it is implemented by elected officials.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
