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Like all policies, you have to look at the downside risk. IMO, the downside of a Keynesian solution is MASSIVELY larger than an chicago school type solution.
by jwb119 18y ago
Like all policies, you have to look at the downside risk.
IMO, the downside of a Keynesian solution is MASSIVELY larger than an chicago school type solution. You have the government taking on huge quantities of debt, no guaranteed cure for unemployment, and a risk for massive inflation..