Who’s ‘we’?

And they still are? The idea that the deficit is too small remains a non starter for the mainstream. In the face of all evidence to the contrary, including over 2 decades of it in Japan, they continue to believe ‘monetary policy’/low rates and QE supports aggregate demand. Full size image

And they still are?

The idea that the deficit is too small remains a non starter for the mainstream. In the face of all evidence to the contrary, including over 2 decades of it in Japan, they continue to believe ‘monetary policy’/low rates and QE supports aggregate demand.


Full size image

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