Keynes, Lerner and the Question of Public Debt

Keynes, Lerner and the Question of Public Debt

[Interviewer:] It’s interesting. Alvin Hansen has a totally different memory of an encounter of Keynes and Lerner; Hansen remembers Abba saying at one point, ‘Why don’t you forget all this stuff like deficit finance and everything, and just print money?’ After he looked around and saw that no reporters were there, Keynes said, ‘It’s the art of statesmanship to tell lies, but they must be plausible lies.’ (CL: 202)

 

About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
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