Jeff Sachs - Getting Beyond Keynesian Stimulus 4/5

The transcript discusses the inadequacy of macroeconomic stimulus, particularly the Obama stimulus, in addressing long-term economic challenges. It critiques the reliance on Keynesian multipliers and highlights the political backlash and erosion of public trust. The speaker advocates for significant government investment in infrastructure and public services, drawing inspiration from Northern European social democracies. The need for long-term planning and execution of public investments is emphasized, with historical examples of successful infrastructure projects. The transcript concludes with a call for strategic government planning to ensure economic prosperity and sustainability.

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