>>1459846a transportation forum really isn't the place but: neo keynesianism (1950s-70s, golden age of capitalism) and new "keynesianism" (the 1980s, but with the "recognition" that "fiscal policy doesn't do literally nothing. it just barely does anything.")
hiking interest rates in the 1980s killed off thousands of productive enterprises while massively empowering the financial sector. having (essentially) a single base interest rate is stupid. we should go back to how we did things before the 1980s: have differential interest rates and amounts that banks are allowed to lend for different purposes. artificially increase interest rates on consumption activities and unproductive industries so that people who want to borrow to build productive companies face lower rates.
