[quote=sdduuuude][quote=Arraya] … throwing money at where the system is seizing up.[/quote]
Dude – that IS Keynsian economics ![/quote]
Yeah, in a very general sense. Then again, it is avoiding a revolutionary change/collapse. Just letting the “market” work things out would not manifest how the laissez faire advocates think. In fact, it would be the opposite. Keynes essentially said the state has to invest at certain times to avoid certain serious instability. He was correct. If it was not for intervention unemployment levels would be double and there would be serious unrest. Not to say, it’s not coming – but that has little to do with government intervention – the USG is keeping the whole thing from imploding.. The difference with fiat/fractional reserve vs gold backed/non-fractional reserve is the size and frequency of the crises
