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The other area of mainstream economics that has changed utterly is the issue of deficit spending at a time of recession. We are all Keynesians now, apparently, with the Chicago school v. Passé.

In Ireland, deficit spending is almost 10% of GDP compared to the Masstrict Treaty maimum of 3%, and we have a Finance Minister who has read and favourably reviewed Piketty's Capital in the Twenty-First Century.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sun Oct 25th, 2020 at 04:34:35 PM EST

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