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0 sats \ 10 replies \ @TomK OP 26 Jul 2023 \ parent \ on: Keynesian Disease At Work bitcoin
It never works out because they are driving the private sector out of business and are killing the productivity
Obviously it wont work out, by increasing government spending for infrastructures for example will make inflation even higher. If the goverment decides to cut spending it means more businesses will feel more pain. This situation on macro is much complex compare to economic meltdown a decade ago.
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You're right. Will be a tough awakening when depression bytes
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Well just wait and see if the economy corrects itself, what i learned from my basic economics.
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That would happen in case of a free market economy. Are You European?
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No I am an Asian but now living in Europe. Yes I am referring to free market economy, mainly the west.
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So You know about the state of politics. We have 50-65% gov participation/GDP. There's no way they can muddle themselfes out of this mess without giving back their power to the markets. And the commies won't do it
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Absolutely, I know where you're coming from, it is not only the economy which mishandled but also the core values of society.
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Yep. And down they go. I found refuge in the south.