SEARCH BLOG: ECONOMY and OIL
The recent price drop in oil suggests that confidence in the global economies is slipping badly. Keynesian economics say this is the time for governments to spend more money.
That was tried in Greece. Fail.
Perhaps it is time to re-visit some economic assumptions about government spending and debt... although those who claim that spending and inflation are the keys to success probably want to double down on that bet.
Damn, those Austrians might have been right.