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Keynesian policy with resource constraints can be studied in various contries during the second world war. Employment goes up, GDP goes up, inflation goes up. New goods per capita goes down, recycling goes up.

So we know that it can be done, and we know what happens. If it is impossible it is because of political constraints and it is far from obvious that those political constraints depends on resources. After all, full employment policies was also impossible before world war two due to political constraints.

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by A swedish kind of death on Wed Nov 5th, 2014 at 07:40:40 AM EST

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