Larry Beinhart

"John Maynard Keynes was a British economist who invented the idea of deficit spending to stimulate the economy, especially at times of high unemployment. The method he recommended was investment in public works, which would employ people--immediately solving the unemployment issue--who would then have money to spend, and the aggregate total of spending and consumption would increase, boosting the entire economy.
"That's demand-side economics.
"Supply-side economics is the Republican inversion of the idea. It is that you give the money to the investing class and they will supply more things which the unemployed will want so much that they will... they will... rob convenience stores to obtain them."


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