Introducing Keynes by Peter Pugh
Author:Peter Pugh
Language: eng
Format: epub
ISBN: 9781848310650
Publisher: Icon Books
LET ME PUT IT THIS WAY… …IF THE TREASURY WERE TO FILL OLD BOTTLES WITH BANKNOTES…
…BURY THEM AT SUITABLE DEPTHS IN DISUSED COALMINES, WHICH ARE THEN FILLED UP TO THE TOP WITH TOWN RUBBISH. DANGER DISUSED MINESHAFT.
– AND LEAVE TO PRIVATE ENTERPRISE TO DIG THE MONEY UP AGAIN, THERE NEED BE NO MORE UNEMPLOYMENT!
Government action was necessary, perhaps by reducing interest rates or through public investment programmes.
In conjunction with the effect of the Multiplier, such actions should bring back full employment.
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