*** Keynesian school***
I can remember being taught about the keynesian model way back in school. I remember thinking it was like a household borrowing itself into a higher standard of living. I remember thinking, "I can't think of that ever working once."
I guess I could see it as a very short term move to get the money multiplier going, shut off the tap, and move on and pay down the debt incurred.
I thought this is what bo was going to do in 2008 to dig us out of the hole, but 8 years later it was not to be, and i am left to think that once the entire world went into full print mode, there is no getting out of this, just like a household, kerplunk....
amazing how long they can keep it going.....decades in general.