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Posts from Brian, Brooklyn

Brian, BrooklynBrian, Brooklyn
Brian, Brooklyn

The Keynesian theory was given one of the largest clinical trials in history: WW 2. We employed people producing material of no earthly civilian use, much of which we dumped when the war was over. Result: employment and prosperity.

Keynes made clear that he would rather use the newly created employment to produce something useful, but he thought the politicians were too dumb to do so. He was right

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