Pure Keynesianism–spend your way out of debt with more debt–like a drug addict with the proscribed cure to give the patient more drugs. JRD
“President Donald Trump is pressing the gas on getting another stimulus bill passed to pump more money into an economy that’s been crippled by the coronavirus pandemic.
“With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4,” Trump tweeted on Tuesday morning.”
This Crisis Is Every MMT’ers (Modern Monetary Theory)…Dream” (Modern monetary theory)
As Hayek showed in his seminal work, Road to Serfdom, “the worst” rise to the top in centrally planned states…
Corporate Socialism: The Government is Bailing Out Investors & Managers Not You (With Mark Spitznagel)