tag:blogger.com,1999:blog-2277215496195926573.post427741735566908739..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: S*d the debt and deficit: Keynes said as much.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2277215496195926573.post-69072510691610337892013-09-29T02:43:45.883-07:002013-09-29T02:43:45.883-07:00I'm well aware of that point. That is, I wasn&...I'm well aware of that point. That is, I wasn't trying to suggest that interest rate cuts or printing and spending new money by the government/central bank machine will deal with geographical areas suffering particularly high unemployment levels.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-29035090511392422912013-01-01T22:59:57.951-08:002013-01-01T22:59:57.951-08:00It isn't that simple. Money is issued in one p...It isn't that simple. Money is issued in one place. At that one place they have to decide how much to issue.<br /><br />Unemployment, however, is not the same everywhere. Many types of unemployment are not due to monetary matters, but are cultural,ideological, caused by bad weather or bad luck.<br /><br />Look what the single source money did to Europe's divergent economies..anagastohttps://www.blogger.com/profile/12173541768886884924noreply@blogger.com