re: #136 Dark_Falcon

What I think he means is that there are places in the Western world like Greece where the Keynes model no longer works because thew economy is fundamentally unsound. In those places, the economic foundations must be shored up by reducing spending. Only after Greece brings order to budget and lives within its means will Keyensian management work.

‘tis what I meant: a sound economy will have also periods of contraction in which govrnment intervention cann assist. But if the underlying model is crap, no amount of intervention can save it.