Sunday, August 11, 2019

Government Spending, Keynesian Economics and Pakistan's Economic Slide in 2018-19

This issue was the beginning of the start of destruction of economy. So many apparently sane people people lost it through his charisma.
We need to take a hard look at how criticism for the sake of criticism destroyed the "development" cycle of Pakistan's economy. Development expenditure on flyovers, metros, motorways etc increases the money circulation, which increases the disposable income of people, which increases the GDP, which increases the growth, which increases the tax/revenue collection of the government, which increases the "development" expenditure. This cycle was destroyed by IK and his uncouth advisors. This is macro economics 101. Take any first level textbook of economics and turn to chapter on Government Spending and growth.


-3:23

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