How well do Keynesian economic policies actually work to stimulate the economy? That question has been debated for decades, and the results have been mixed enough to support either side of the debate, thanks to the complex workings of macroeconomics. Most people believed that Keynesianism had died a well-deserved death during the 1970s, when it obviously failed, but made a comeback in the desperate straits of 2008-10. [...] Read the rest »
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