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I took Econ 101 and 202 and 303 up to 505. The economy is fake. But it’s very easy to fix! Keynes invented the perfect method in 1936: governments spend money. It works literally every time. So if there’s a depression it’s because your government didn’t care enough to stop it
These are not niche ideas. Keynesianism is one of the dominant schools of economic thought (the other being supply-side theorists like Friedman and Hayek). Every government has seen Keynes’ theories work again and again throughout the 20th century. They know it works
So why not just do it?? Well because it requires them to spend A LOT of money either employing people directly on public works projects (the autobahn was literally this) or just direct cash payments (Australia escaped recession in the GFC because the government gave us all money)
This means either raising taxes or selling bonds that might be more attractive to investors than private equity stock. So basically to pay to use Keynes’ magic theory to Make Economy Good Again, the government has to piss off capital. The fuck you think they’ll do?
Economics is a miserable discipline filled with scurrying little cunts like Friedman and Hayek building equations that try to predict whether you’ll buy a pie at the grocery store or try to fuck it in the aisle. Only Keynes and Marx understood it. Don’t bother with the others
