Comment by nhaehnle

10 years ago

I think you misread my comment. I wrote "more income that they can spend", not "more income than they can spend".

As for the whole Keynes being wrong thing, you didn't actually address what I wrote about inflation and how giving people a fixed amount of money for work (even if it's "make work") is self-stabilizing.

Also, to your "more money in the system than the system is producing": Keep in mind that the amount that the system is producing is not a fixed quantity. It's variable and part of the whole dynamics.