I am not very sure if the way out of recession goes through the use of governmental fiscal and monetary policies, but today I decided to reread ( and this time with more attention to detail) J. M. Keynes' "General Theory of Employment, Interest, and Money".
Is cleaning up the banks' balance sheets and increasing public expenditure the solution? Can we apply "Welfare State" and protectionist policies to "free market economies"?
I think we might have to reinvent the world and go back to agricultural communities and sustainable microeconomies.
Here is what some of my friends in Germany achieved: http://www.gastwerke.de/
No comments:
Post a Comment