Comment on Is Keynesianism dead? Far from it – it provides the life support for a crisis-ridden capitalism by Philip Lawn
Peter: Yes, I basically think the best way for a country to operate is with X = M, G greater than T, and S greater than I. To start with, it's financially sustainable. G can be greater than T forever. S greater than I strengthens the balance sheets of currency-users. X = M (balanced trade) allows trade to generate mutu