Does Keysian economics have any relavance in today's world
Keysian economics which says in the end we are all dead ..is short termism
and Governments can spend their way out of recession has never worked . The few times it has been tried have been a failure . Whether Roosevelt and the the big spend of the thirties. Was only changed by Ww2 and unleashing capital ...
Rudd / Gillards big spend will leave our children to a lower standard of living .
Running an economy is no different tha. Running a household budget . No matter what spin the leaners put on it .
You cannot spend more than you earn ...