Ryan McMaken explained that Keynes' theory does not work because you cannot centrally plan an economy. One individual or government cannot know what is specifically good for thousands of individuals. And when that one individual makes those choices, it leaves many people worse off. His answer to Stossel's question was that his side's solution is not the popular one, and it looks better to people when the government spends money on stuff they want rather than not spending that money they printed.
Chapter 12 - Post Only
Chapter 12
The cut-off date for posting to this forum is reached so you can no longer post to it.
Background Colour
Font Face
Font Kerning
Font Size
1
Image Visibility
Letter Spacing
0
Line Height
1.2
Link Highlight
Text Colour