Paul Krugman’s Disco-era Macroeconomics ( just scroll down, you know. ):
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Needless to say, I get this all the time. But it usually comes from people who have some excuse for not knowing either what Keynesianism means or what actually happened in the 70s.
So, what people like me have been calling for is a temporarily relaxed attitude toward deficits as long as the economy remains depressed and monetary policy is up against the zero lower bound. What does that have to do with the 70s?
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No, i am not an economist, but you need NOT to be one to read about or to decipher a liar/dishonest economist, like the old gentleman who likes to insult people on TV.
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