Re:Paul Krugman: The austerity delusion
by mdemare on Wednesday April 29, 2015 @02:58PM
(#9460813)
I see a lot of people in this thread claiming that massive QE equals fiscal profligacy, that it means that the Keynesians have gotten exactly what they want.
I see QE more as a band-aid, used because fiscal stimulus is politically unattainable, since Keynesians are out of power nearly everywhere. Hence my comment - it was not meant as a nickpick.
I see QE more as a band-aid, used because fiscal stimulus is politically unattainable, since Keynesians are out of power nearly everywhere. Hence my comment - it was not meant as a nickpick.