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The Great Recession is 2007-2009. Also we have to bear in mind Keynes was a free market ideologue, and said taxes should be at tops 25% of GDP. Keynes truly h
by conanbatt 9y ago
The Great Recession is 2007-2009.
Also we have to bear in mind Keynes was a free market ideologue, and said taxes should be at tops 25% of GDP.
Keynes truly helped model how to get out of recession, but he did not know the danger of government not being able to go back to a smaller state. Hayek and Friedman were more confident that it was a bad path.