- #36
edpell
- 282
- 4
Keynes said if you have a system (free market spending) that oscillates and you want to damp the oscillation couple another system (government spending) to it that is 180 degree out of phase. Of course they never remember the part about running government surpluses during the boom years to slow the economy. They also never remember that Keynes went to Brenton Woods and promoted an international system that required each nation to run a zero surplus/deficit with the rest of the world. That worked out great when the US was winning but not so well now that the US is loosing.