“John Maynard Keynes argued

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  • Mon, Oct 31, 2011 - 02:50am

    Peak Prosperity Admin

    Peak Prosperity Admin

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    “John Maynard Keynes argued

"John Maynard Keynes argued that surpluses should be accumulated during good years so that they could be spent to stimulate demand during bad ones. This lesson was well understood during the golden age of Keynesian social democracy, after World War II, when, aided by moderate inflation, the governments of the countries in the Organization for Economic Cooperation and Development greatly reduced their ratios of public debt to GDP"


Please explain why you think this is insane.