Quote:
However, Keynes did not advocate using debt financing to stimulate the economy. Rather, he argued that government should save in the good times and spend in the bad.


this is not a bad idea in itself. It just never happens.

that's the problem with academic economic models. You can say "if only we did this, then we would be great". But the models forget about human nature.

I wonder if a little bankruptcy will change his economic views. Probably not.