Tuesday, November 4, 2008

Keynesianism and economic autarky

Liberal economist Mr Sauvik Chakraverti has great article in today’s Mint “What pumps up the economy” particularly he pissed at murky politicians as “all waited hand-and-foot upon the finance minister and his “budget” for 60 years. To them, “supply creates its own demand” meant government deficits were the only way to pump up the economy. They applauded deficits. Demand to them was government demand, not consumer demand, which is “real” demand. They never served the consumer. They served the state.” 

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