The LAT's Peter Gosselin today explained the economic theory of John Maynard Keynes in an unrecognizable way, describing it simply as timely deficit spending. Keynes must have rolled over in his grave.
Keynes argued that government spending is expansionary but that taxing and borrowing are contractionary. If spending equals borrowing then they cancel each other out. Maybe there's a new twist but Gosselin's isn't it.
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