Non-Hebdo Charlie <[email protected]> wrote: > As for Keynesian fiscalpolicy on a big scale -- we can't go back to it.
I doubt that you really know what you mean by this. Are you talking about vulgar countercyclical deficit spending? Or the state guidance of investment, which Keynes wrote about, though not in enough detail? He advocated that in the midst of an economic crisis far worse than the present, so I don't get the critique that I frequently hear that somehow this is the wrong time for that sort of thing, because, why? The economy is structurally troubled? That's the whole point of getting the state involved in investment - especially since big corporations have vast amounts of cash on their balance sheets that they're not investing. It's not like profits are hard to come by, FROPpers to the contrary. A Green New Deal may be uninspiring compared to Full Communism Now, but it looks like a pretty decent second best to me. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
