An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, July 2, 2012
Michael Stephens — Defense Department Minskyites
Multiplier effect of military Keynesianism v. MMT. Hint: trickle down v. trickle up.
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"
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.
ReplyDeleteEven 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?....."
ReplyDeleteYou'll come to know
When the bullet hits the bone.