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<p>[QUOTE="V. Kurt Bellman, post: 2493932, member: 71723"]Keynesianism can't exist at state levels because almost none are allowed to run unfunded deficits fiscally. Only the federal gov't can, and absent full employment, they SHOULD and/or MUST.</p><p><br /></p><p>By the way, study the history of business cycles and hard money. Hard money CAUSES recessions, panics and depressions by incentivizing hoarding money and other harmful behaviors.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2493932, member: 71723"]Keynesianism can't exist at state levels because almost none are allowed to run unfunded deficits fiscally. Only the federal gov't can, and absent full employment, they SHOULD and/or MUST. By the way, study the history of business cycles and hard money. Hard money CAUSES recessions, panics and depressions by incentivizing hoarding money and other harmful behaviors.[/QUOTE]
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