Can We Blame Keynes for Keynesianism? [Good Life series]
In our era of Keynesian economics on steroids, we should ask: How close is current Keyesnian practice to original Keynesian theory? John Maynard Keynes‘s main claim to fame is his advocacy of deficit spending as a tool of economic recovery. In a depressed economy, the argument runs, the government should spend money it doesn’t have. […]
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