It’s a truism of pop Keynesian economics that consumer spending drives the economy; if spending slows in a recession, government must make up the difference.Read More…
Original source:
Mary Manning Cleveland: The Keynesian Stimulus Spending Fallacy
It’s a truism of pop Keynesian economics that consumer spending drives the economy; if spending slows in a recession, government must make up the difference.Read More…
Original source:
Mary Manning Cleveland: The Keynesian Stimulus Spending Fallacy