Skip to main content
No. of Recommendations: 5
You're wrong about the "Keynesian nonsense". Europe is only now just realizing that cutting spending has only made things worse over there. As it did in the US between 1929 and 1932 (IIRC). It sounds like they are looking to try stimulus spending instead to staunch the bleeding. As we did in 2008, albeit not very well.

How about we deal with facts? The United States, Europe, and Japan are all engaging in massive deficit spending, which is supposed to be stimulative according to Keynesian mythology.

Furthermore, spending was increased *massively* from 1929 to 1932, and we ran deficits, which should have been stimulative.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.