Not to mention leading to a recession.
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It’s not a new theory it’s the Keynesian economics viewpoint that Kanzan is taking where most bitcoiners view it from Austrian economic viewpoint.
no
thats just Bitcoiners armchair economic misunderstanding
John Keynes was highly critical of constant monetary expansion.
what he was an advocate for is *top down control of the economy*
which is why he was an idiot.
NOT because he was a proponent of monetary inflation
but its fashionable to screech "youre a Keynesian" so I expect it.
Please forgive me if I sound economically illiterate, but isn't Keynesian economics about government intervention in the economy? So far I haven't seen Kenzan call for state intervention so people saying he is a Keynesian makes no sense.