Articles on Keynesian economics

Jan 12th. Keynes, trains and automobiles: Can a fiscal and monetary splurge reboot Japan’s recessionary economy? (The Economist)
Much of the cash will go towards making tunnels, railway lines and other infrastructure safer ==> Keynesian economics
Critics argue that it is a rehash of the concrete-slathering policies that helped saddle Japan with the biggest public debt in the world.
Two important questions:
Does the government’s spending generate higher returns than the borrowing cost?
Does the government-bond yields rise without an increase in inflationary expectations?

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