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Is Keyensian Economics Bunk?

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07-01-2007, 01:32 PM

GoodCallYouWin GoodCallYouWin is offline

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Is Keyensian Economics Bunk?

Milton Friedman argues, using Japan as a case study, that both reducing taxes and increasing government spending do not stimulate the economy (running of course contrary to the popular notion that the 'new deal' saved America from the Great Depression). Is this true? Does this mark the death of Keyensian Economics? What replaces the Keynesian view?

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