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Re: bigworld post# 11707

Sunday, 03/19/2017 11:59:03 AM

Sunday, March 19, 2017 11:59:03 AM

Post# of 19856
*** 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.
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