Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Blind "Keynesian" expansion is, of course, not actually Keynesian in a General Theory sense. If there is idle Labor and idle productive equipment and natural resources are under constraint, then obviously the Keynesian spending should be targeted to investments that increase efficiency of natural resource use.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Jun 6th, 2012 at 05:47:55 PM EST
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