cedit crunch over: the keynsians were right, page-31

the whole premise of keynes' theory is that creating govt debt can solve a debt problem the private sector is unable to solve

he never put any explicit limits on how much govt debt could be created...he said that, if necessary, hand out money in tin jars to every citizen

thinking you can solve a debt problem by creating more debt sounds illogical to me...something i'm missing?

fwiw, i think deflation rather than inflation will be the short term outcome