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> Keynesian economics has failed. QE, inflation, central bank stimulus, debt accumulation It's kind of funny how much of a content-free buzzword Keynes has bec
by nhaehnle 12y ago
> Keynesian economics has failed. QE, inflation, central bank stimulus, debt accumulation
It's kind of funny how much of a content-free buzzword Keynes has become. None of the measures you mentioned are originally tied to the original Keynesian idea of anti-cyclical government behaviour.
- dagw 12y ago"Keynesian" as used by the mainstream today is only very weakly related the writing and thinking of John Maynard Keynes. I've seen it suggested in more than one place that if Keynes was alive today he wouldn't be a Keynesian.
- Amezarak 12y agoEven modern Keynesians are usually the first to tell you the central bank is going to be pretty much helpless in a liquidity trap, that QE isn't going to make a big difference, etc.