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Saturday
Dec062008

They’re baaaack! Keynesians to the rescue.

Nobel laureate Joseph Stiglitz says 3 decades of wrong-headed economic policies did great harm in the developing world, but only when we inflicted the same kind of damage at home did neo-liberal economists rediscover their inner Keynes. Stiglitz points out some subtleties in selecting the best Keynesian remedies and worries that the same greedy market fundamentalists who created the crisis will make out like pirates again while flying the Keynesian flag.

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