To reinforce Reich's argument, Keynes wrote in 1936 "It seems unlikely that the influence of [monetary] policy on the rate of interest will be sufficient by itself,” . “I conceive, therefore, that a somewhat comprehensive socialization of investment will prove the only means of securing an approximation to full employment".
To reinforce Reich's argument, Keynes wrote in 1936 "It seems unlikely that the influence of [monetary] policy on the rate of interest will be sufficient by itself,” . “I conceive, therefore, that a somewhat comprehensive socialization of investment will prove the only means of securing an approximation to full employment".
ReplyDelete