Undisciplined on Nostr: Opposing the Keynesian Illusion: Spending Does Not Drive the Economy ...
Opposing the Keynesian Illusion: Spending Does Not Drive the Economy
https://mises.org/mises-wire/opposing-keynesian-illusion-spending-does-not-drive-economy
By Jonathan Newman
> The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the economy into recession. As Austrians know, that narrative is entirely false and fails to accurately explain how the economy works.
originally posted at https://stacker.news/items/859154
https://mises.org/mises-wire/opposing-keynesian-illusion-spending-does-not-drive-economy
By Jonathan Newman
> The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the economy into recession. As Austrians know, that narrative is entirely false and fails to accurately explain how the economy works.
originally posted at https://stacker.news/items/859154