"Modern Day Keynesians" Make a Mockery of Economics - 0 views
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Sondos 2 on 19 Mar 11Although the United States' problem of mounting fiscal deficits has become common knowledge in recent years, several prominent economists have advocated for additional spending so that the current economic recovery does not sputter. Others on the other hand claim that "In the real world, any increase in government spending is going to further worsen the debt/gross domestic product ratio, meaning debt service will become more and more costly, eventually reaching a point when it is unsustainable…The United States is fast reaching the point of unsustainability - hence there is no real choice but to greatly reduce government spending."
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Manuel R on 22 Mar 11This article talks about the nowadays of the keynesian believes