Media reports suggest that the central government is planning a fiscal stimulus. In simple English, what it basically means is that it is planning to spend more than what it had budgeted for, during this financial year. 1,104 more words
Tags » John Maynard Keynes
It has become something of a platitude to recognize that gratitude is felt most keenly only when there is very little to be grateful of. A starving beggar is grateful even for a crust, an impoverished family is grateful for a steady source of income, and a fatigued worker thinks fondly of rest. 456 more words
There was an excellent piece by George Monbiot in the Guardian last Saturday. I meant to share it sooner but got side-tracked by events. What he offers is a secular solution to our dangerous predicament but even so it’s very much along the lines of the Bahá’í spiritual one. 475 more words
The case for government spending during economic slowdowns has been hotly debated for decades. John Maynard Keynes went as far as to suggest that during a recession governments should pay people to do meaningless tasks — such as digging holes in the ground and then filling them up.