@cjd
In 1971, the US govt took the ideas of Keynes and ran with it. They a gave a big middle-finger to France, by giving them a bunch of paper rather than the gold to pay back the debts the French were owed for backing #militarism in #Vietnam.

Since the mid-1970s the #productivityGains started going to those closest to the newly printed money, and not to a shortening work week.

Who is benefitting from digging holes and filling them up again?

#howVeryKeynesian #bitcoinFixesThis
@berkes