Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 4 Share on Twitter 1 Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 3/3/13

Austerity When Stimulus Is Needed

By       (Page 1 of 8 pages) (View How Many People Read This)   2 comments
Author 194
Message Stephen Lendman
Become a Fan
  (191 fans)

This piece was reprinted by OpEdNews with permission or license. It may not be reproduced in any form without permission or license from the source.

Austerity When Stimulus Is Needed


Spending, not cutting, is needed.

by Stephen Lendman

On December 31, 1933, The New York Times published John Maynard Keynes "Open Letter" to Franklin Roosevelt. 

On November 25, 2008, the London Guardian republished an abridged text. It urged:

  • "spend, spend, spend;"
  • supply "cheap and abundant credit;" 
  • stress "speed and quick" recovery; reform can come later;
  • focus on "increas(ing) the national output," boosting purchasing power, and "put(ting) more (people) to work;"
  • "increasing aggregate purchasing power is the right way to get prices up and not the other way around;"
  • undertake "a large volume of loan expenditures under government auspices;" at the same time, work cooperatively with business; and

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Must Read 2   Well Said 2   Valuable 2  
Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

To View Comments or Join the Conversation: