[ExI] Economy: "The Big Takeover".

[Stathis Papaioannou]

2009/4/1 John K Clark <jonkc at bellsouth.net>:

> Anyway, at a time like now the last thing on earth you'd want to do is
> balance the budget. Hoover did it and turned a garden variety recession into
> a decade long worldwide depression.

Yes, but the Keynesian flipside of that would have been to balance the
budget or have a surplus in the boom times. If that had been done the
current situation might have been averted, or at least been less dire.


-- 
Stathis Papaioannou