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In reply to the discussion: Just got this from a friend.......... [View all]Sloumeau
(2,657 posts)58. This is why Keynesian Economics is the best economics.
Keynes believed that economics largely revolved around demand. Now demand is not just people wanting stuff. It is also about people having the ability to buy or barter for stuff. It is why FDR created the WPA and the CCC so that regular people would have jobs, get important stuff done, and then have money to buy things like food and clothing. It is why Bill Clinton created a massive infrastructure program. It is why Obama created a $787 billion stimulus package. It is always why Trump singed a stimulus package worth over $2 Trillion. When the economy crashes, only Keynesian Demand-Side Economics makes the economy move again, and you can tell Supply Side Economic Republicans to go pound sand!
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I wish this were true. If it were true, it would work. But the tax provision in the bill
Bernardo de La Paz
Apr 2020
#44
Indeed, he did not get to keep it. That's the flaw of logic. Thanks for bringing that up!
CaliforniaPeggy
Apr 2020
#16
That's what I think. He benefited by discharging a debt as did all the others.
Alwaysna
Apr 2020
#31
The story also says "nothing was produced," which obviously isn't true as there were debts
coti
Apr 2020
#57
You turned everybody in town into a scumbag and that's your idealized version? smh n/t
mathematic
Apr 2020
#52