“what was World War 2 if not an absolutely gigantic Keynesian stimulus?
The Federal deficit in World War 2 was massive—much bigger than any time during the Great Depression. And we built up a huge Federal debt load. And … we set the stage for two decades of amazing prosperity, in which we worked off those debts.” IT’S OFFICIAL: Keynes Was Right - Business Insider
The Federal deficit in World War 2 was massive—much bigger than any time during the Great Depression. And we built up a huge Federal debt load. And … we set the stage for two decades of amazing prosperity, in which we worked off those debts.” IT’S OFFICIAL: Keynes Was Right - Business Insider
