It would be fair to say that Keynes, who saw money as a means to a more fulfilling life, would find our current era disconcerting, a culture of means without ends.
Pardon the pun, but this is “on the money”. If government deficits are out of control in “normal” let alone “good” times (low unemployment, etc) then the ability to step them up as required in the bad ones is heavily constrained.
Yep. A statesman cares about the next generation. A politician about the next election.
Pardon the pun, but this is “on the money”. If government deficits are out of control in “normal” let alone “good” times (low unemployment, etc) then the ability to step them up as required in the bad ones is heavily constrained.
I think most politicians understand this; they just don’t know how to do the right thing and still get elected.