In a message dated 4/29/02 7:15:17 PM Pacific Daylight Time, [EMAIL PROTECTED] writes:
> Usually, when people use the phrase "trickle down economics," they rightly > use it with disdain. But in the case of military Keynesianism, we've got to > admit that (at least in the short run), there is a trickle down effect: > spending (i.e., wasting) a bunch of billions on bombers helps the butcher, > the baker, the brewer, etc., by stimulating aggregate demand. It's like > Keynes' proposal during the 1930s that pyramids be built to jump-start the > depressed economy -- except that pyramids can't be used to conquer and/or > destroy other countries. > JD > Hi folks-- Could anyone give me the reference where Keynes proposed this pyramids business, and also the reference for where he proposed having workers dig holes and then fill them back up again? (Perhaps the two references are one in the same.) --Scott Harrison
