Posted by
Ed
6 days ago
Keynesian economics gave the government the green light to manipulate the economy, or at least make numerous failed attempted to do so. There is that old joke about communism that you can vote your way in but must shoot your way out, seemingly fitting to the utter disaster governments have created in regards to our economic situation. The government is by far the biggest borrower. Raising interest rates can have no impact on demand, as the government will simply borrow more, and the central banks simply have no say. https://www.armstrongeconomics.com/armstrongeconomics101/economics/why-is-keynesian-economics-collapsing/
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