"The solution is straightforward. It is to fix the problem of deficient
demand not by attempting to further loosen monetary conditions, but by boosting public spending.
Governments should borrow to invest in research, education, and
infrastructure. Currently, such investments cost little, given low
interest rates. Productive public investment would also enhance the
returns on private investment, encouraging firms to undertake additional
projects."
Has the world reached the limits of monetary policy?
Human knowledge has progressed exponentially since the dawn of modern science. It is no longer reasonable to accept claims without sufficient objective evidence. The harm from religion, alternatives to medicine, conservatism, and all other false beliefs will be exposed on this blog by reporting the findings of science. This blog will also reinforce what should be the basics of education: History, Civics, Financial Literacy, Media Literacy, and Critical/Science Based Thinking.
Saturday, March 19, 2016
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