Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
What's the story with these ads on Slashdot? Check out our new blog post to find out. ×
Government

Journal roguegramma's Journal: Race of Keynesians

With the race being opened by the United States by trading government debt for monetary liquidity, governments all around the world cannot but react with their own programs of state debt to attract the cautious investors.

Anything else would mean prosperity in the United States at the expense of other economies. Even the German government, which was planning on its first stable budget in centuries, gave up its plan and happily jumped aboard the wagon.

This exposes the prisoners dilemma type of problem of a cautious spending policy by government: If one big government drops out and starts spending, the others have to follow suit.

This discussion has been archived. No new comments can be posted.

Race of Keynesians

Comments Filter:

I was playing poker the other night... with Tarot cards. I got a full house and 4 people died. -- Steven Wright

Working...