What Do You Think Caines Would Devote His Energies To?

If hea back, having been out of things for the last 30 or forty years, he would be very surprised by the turn economics had taken. He would have said that's exactly the wrong thing you need to do under those circumstances. I don't know how much of the australian stimulus is in terms of central bank money or actual pyscal spending,. But its cans would have said only only government spending guarantees that the money is spenti because of the marginal propensity to consume. If if people are not confident, they just go and splash - either on consumption or investment.