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Did Keynes himself even say anything about the long run? The contracyclical stimulus case advocated by Keynes is in its nature a way to deal with the business cycle, ie deal with short term unemployment. In the long run, Keynes thought the market forces would fix the problem, he just didn't fancy waiting.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Nov 3rd, 2011 at 04:27:59 AM EST
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