[Marxism] Fwd: Testing Trumponomics | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Sat Nov 19 05:39:21 MST 2016

The stimulus measures are music to the ears of Keynesian economics, 
despite the general distaste that the top Keynesian gurus have had for 
the attitudes and rants of ‘the Donald’.  Indeed, if these policies are 
implemented over the next year or so, Trumponomics will be the next test 
of the Keynesian solution for the world economy to get out of this Long 
Depression.  Abenomics in Japan, following similar policies of public 
spending, tax cuts and quantitative easing, has miserably failed. 
Japan’s GDP growth has hardly moved, while wage incomes and prices 
remain transfixed.


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