Quote:
Originally Posted by flatundra18  Its a Kensyan (not sure if thats spelled correctly) approach to the economy. Want a template for success look to the New Deal. It got us out of a jam back then and just might work now. The economics are much simpler then what you hear. In really bad times lower intrest rates and pump money into the economy. When times are good raise taxes and build a surplus. |
New Deal did nothing to get us out of the Great Depression. WWII was the catalyst for recovering. The only way to keep a Keynesian economy growing is to increase the monetary base and/or aggregate credit outstanding, otherwise there will simply not be enough money to pay back the due credit.
That is where we are at....