Keynesian Policies Have Left High Debt, Inflation and Weak Growth (Inflation Remains Near 40-year Highs And 19 Straight Months of NEGATIVE Real Wage Growth)
www.freerepublic.com -

Daniel Lacalle wrote a nice piece about disastrous Keynesian policies that led the US with high debt, inflation and weak wage growth. The main problem of the past decades, but particularly since 2008, is that government spending and monetary policy have become solutions of first resort to any slump in economic activity, even if that decline was created by government decisions, such as shutting down the economy due to a health crisis. Furthermore, government spending increases and loose monetary...

Related Articles

Latest in News

More from www.freerepublic.com