11–20 of 198 posts
I see this assured economic doom repeated so much without being questioned as anything but guaranteed I wonder where this incredible confidence is coming from? We have literally no idea what 2021 holds for us, in the same way we had no idea 2020 would be so uh unique.
Earlier quoted context omitted.
But employers aren't in business to supply jobs, though, right? If the revenue and profits aren't there they can't print up their own money. EDIT: parent comment now empty initially said that companies should hire more people to help keep the economy going.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
Earlier quoted context omitted.
But employers aren't in business to supply jobs, though, right? If the revenue and profits aren't there they can't print up their own money. EDIT: parent comment now empty initially said that companies should hire more people to help keep the economy going.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
Earlier quoted context omitted.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
Exactly. Like in the 30s the government should step in and hire people. Companies can't do that in a recession/depression. However, the other side of Keynesian economics that's not as often cited is that during the good times the government saves up for the inevitable bad times - we haven't done that for a long time.
[1] https://en.wikipedia.org/wiki/New_Deal
[2] https://www.vox.com/2020/8/19/21375039/dnc-2020-democrats-pl...
Earlier quoted context omitted.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
Exactly. Like in the 30s the government should step in and hire people. Companies can't do that in a recession/depression. However, the other side of Keynesian economics that's not as often cited is that during the good times the government saves up for the inevitable bad times - we haven't done that for a long time.
What does the government usually hire people to do in this situation?
Earlier quoted context omitted.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
I thought that in Keynesian stimulus/theory, the government, not the private sector, provides the recovery?