Keynesian theory cannot come into play to save the day when the right environment for strategic government intervention is absent.
Whenever I think of the...
"The Duterte administration and Congress pulled their punches and engaged in compensatory spending that was less than full."
he great British economist John Maynard Keynes...
When a government’s spending exceeds its revenues, a budget deficit results. Governments generally issue interest-earning bonds to finance their budget deficits. These bonds comprise...
