this post was submitted on 18 Jan 2024
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[–] SpaceCowboy@lemmy.ca -3 points 10 months ago (1 children)

Far right narratives has convinced you that Keynesian economic policy doesn't exist and that the government is not the steward of the economy. Far left narratives also ignore the existence of Keynesian economic policy since it's a viable alternative to the things that the monetized socialists are telling you.

Meanwhile in the real world, Keynesian economic policy (are we calling it "Bidenomics" now?) worked very well from the New Deal up to the Energy Crisis of the 70s. Don't want people to think that oil dependency is an economic weakness so bring on Ronald Reagan and supply side economics!

[–] hark@lemmy.world 1 points 10 months ago

The New Deal had actual government works programs. If the government isn't increasing employment themselves, then they're merely suggesting to the private sector that they should hire more people.