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
Labels:
military Keynesianism,
MMT,
multiplier effect
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2 comments:
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"
"Eh...where did they find the money?....."
You'll come to know
When the bullet hits the bone.
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