| ShinmenTakezo said: I think Keynes would have said the stimulus wasn't large enough. He would have also detested the way it was implemented. I don't think he would have rejected it though. He would have championed it (as long as it was real stimulus, not pork). He would have wanted it to go to infrastructure, which he believed fueled economic growth. That was the basis of his theory. It has also been proven correct. If it weren't for the stimulus, the country more than likely would have gone into a deppression. Though I will never be able to prove it. Though the fact is, things have been slowly getting better. I personally think we as a country need to get rid of the tried but completely untrue and failed trickle down economics and policies we employ. We need to realize that investing in our children and our selves is the best answer to our problems. Not making sure our CEO's have golden parachutes for when they eventually run their corporation into the ground. |
I feel like you haven't read much Keynes.... read the above keynes primary sources.
According to Keynes "pork" works just fine.
According to Keynes "trickle down" economics work.
According to Keynes, stimulus will be useless if their is sufficent leakage in the form of trade deficits,
