Monday, July 2, 2012

Michael Stephens — Defense Department Minskyites


Multiplier effect of military Keynesianism v. MMT. Hint: trickle down v. trickle up.

Read it at Multiplier Efffect
Defense Department Minskyites
by Michael Stephens

2 comments:

Carlos said...

The conservative elites alway support public expenditure for their personal security and war objectives. It only becomes a problem when there is a really big war AFTER they declare a bout of austerity for the masses.

Even the dumbest proletariat might think. "Eh...where did they find the money?.....They told us there wasn't any"

Unforgiven said...

"Eh...where did they find the money?....."

You'll come to know
When the bullet hits the bone.