Time has a function...

Businesses must maintain a capacity to invest more at lower demand and prices to increase employment and demand economywide... WORLDWIDE ..... ITISARULEFORDOINGFIRMS... Keyne's said the same... but he meant at higher prices and interest rates which is not true... it would increase cost... higher rates mean higher cost and prices... the just reverse of the Classicals... firms invest at lower prices and rates to increase profits which would increase investment and employment and demand supply prices and growth and expectations... Keynes said invest more at higher prices and rates, the speculative demand for money, in banks or other assets, to increase deposits lower borrowing cost and increase investment and growth which could increase price and inflation expectations.... which could reduce consumption savings and investment... it would also reduce employment demand and growth... and expectations............. INFLATIONREDUCEDEMAND........., LOWERPRICESWOULDINCREASEALLEXPECATIONs... LOWERPRICESINCREASEDEMANDPRICESSUPPLYGROWTHANDEXPECTATIONS.... in short, REALINCOMEEXPECTATIONSDEMANDSUPPLYGROWTHEXPECATIONS...

Not, nominal income because it increases due to inflation and lower real incomes...

ANDTHATISTHEPROBLEM.......

Otherthings remaining the same, higher inflation would reduce real effective variables and expectations.... means lower demand, supply, investment, employment and price and growth which next means further lower demand, supply, investment and growth... and prices... the knife edge problem... the central banks is just like the government intervention against the invisible hand, free market, laisseze fair theory.... if it sets the borrowing cost at zero the economy might generate inflation in the short run, but in the long run it would increase supply and lower inflation and inflation expectations which would mean higher incomes and growth and expectations... Inflation is assumed only is the short run... Keynes was wrong to think 100 or 90 years as short run... in his model time has no function, which is wrong... 

Import skills and tech... we have labour and capital... keep cost low... to produce and employ to produce more... with higher skills, education and innovation to increase productivity or supply to lower prices and increase demand and growth and expectations......., and increase real wages/income/profits... the world worldwide... also the real effective wag.......................................................................................................

Give permanent jobs... give skills... and tax income to get money back... INDIA produce nothing compared to china... giving employment is easy. ...