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my point is that everyone cites Keynes when they need a bail out. A policy is only Keynesian if it also controls the upside. Everyone forgets about the upside. If the upside is not restrained, the economic policy is not Keynesian + his name is being used in vain.
Debt spending in bad times after debt spending in good times is clearly just plain stupid! But the debt spending in good times was the stupider of the 2 evils! Keynes would roll over in his grave...
hopefully that clarifies my view?
James...
posted by 67.158.78...
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