In article v0401172bb384a50f8cfa@[166.84.250.86], Doug Henwood
[EMAIL PROTECTED] writes
As above, they think governments (even a "workers'" government) have the
ability to spend their way out of recessions to the land of peace and
plenty (or to counter the cyclical trade slump). Generally, they
Bob Malecki wrote:
Doug writes:
For goldbugs, the beauty of the metal is that it's a nonstate form of money
and its supply rises about 2% a year (and not even Hans Tietmeyer could run
a monetary policy that tight). For Marxist goldbugs, the beauty of the
metal is pretty similar - they just
In article v04011706b3843afe9945@[166.84.250.86], Doug Henwood
[EMAIL PROTECTED] writes
This part of Marx has been submerged by Keyenesianism: basically, the
idea that governments can spend their way to peace and prosperity.
If you think that's all that Keynes is about, you're badly wrong.
Lew wrote:
As above, they think governments (even a "workers'" government) have the
ability to spend their way out of recessions to the land of peace and
plenty (or to counter the cyclical trade slump). Generally, they think
employment can be optimised by the correct usage of interest and money
