I’ve yet to see one successful example of a person, corporation or country spending it’s way out of debt successfully. It always ends in a hyper inflationary money printing or a deflationary depression, but it’s different this time. Krugman’s got it all figured out.[/quote]
I have no idea whether there are examples or not of people, or corporations, or countries spending their way out of debt. I do know that individuals spending and individual corporatations spending, doesn’t lead to inflation. But whether there are examples or not isn’t really material as related to Keynsian economics. It’s not a tenet of Keynsian ecomonics. Not even close.
