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Forum Post: Keynes not Cuts and Lessons of the Past

Posted 2 years ago on Dec. 6, 2012, 2:03 p.m. EST by hork (40)
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Keynes people, this was all about Keynes vs Hayek, and later Keynes vs Milton Friedman, and everything that followed in macroeconomics, with post-Keynesianism. Then the oil slump hit with OPEC and America suffered some stagflation, which was very important ideologically because it opened the door for more inflation reducing analyses to be taken more importantly than the prior Keynesian stuff. Today we don't talk about Keynes, and its that detachment from fully thought out economic alternatives that have already been invented and well tested that is driving some of the ennui and malaise of the left these days. The fact that the mainstream can say Occupy doesn't have any demands is because not much mention at all if any was made of America's strong past in Keynesian macroeconomic policies.

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[-] 1 points by hork (40) 2 years ago

thanks

[-] 1 points by notaneoliberal (2269) 2 years ago

It has been covered to some extent on this forum, but i agree that Keynesian principles have been forgotten (or never learned) or distorted.