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This quote says it all: Nobel laureates Joseph Stiglitz and Robert Solow were among the signatories to letters written by a group of 67 economists insisting that deficit spending was the only way to salvage the economy.
When a person speaks in such absolutes you can bet the house they are wrong.
My goodness, the lack of conception and understanding is staggering. Keynesian "policy" has not ruled the central banks for the last 30+ years...a "monetary" policy has been in effect, established and put forth by FRIEDMAN...not (neo)-KEYNES.
Please, please at least look up the guys you're cutting and pasting and try to understand what they advocated before just clattering on like a flibbertigibbet. A "monetary" policy for 30+ years...a semi- neo-Keynesian for roughly 18-months (yes...it started under Bush), which do you think has had a greater effect for creating the mess the world is trying to dig itself out of?
At a minimum, even wiki will give you a basic understanding...well for most, not all here.
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