Oh, you mean the "Obama should have spent even more" part. Post-war Keynesianism is much more than that. Public spending adding to growth isn't post-war Keynesianism on its own, it's just the GDP equation. Reagan's supply-side stimulus was not Keynsianism either (cutting taxes is just the other side of the fiscal coin). Keynesianism is more about the LRAS curve and using fiscal policy to balance inflation and unemployment. Post-war Keynesianism also took place during the Bretton Woods era, so it's not directly applicable to the GFC.
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"As of 2022, none of the world's countries use the gold standard. "
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Ok?? You know that Keynesianism was abanboned in the 70s too. You're still here advocating for it.
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When did he advocate for Keynesianism? His comments are about monetarism.
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Within the first comment he advocated for government spending as a way for economic growth....
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Oh, you mean the "Obama should have spent even more" part. Post-war Keynesianism is much more than that. Public spending adding to growth isn't post-war Keynesianism on its own, it's just the GDP equation. Reagan's supply-side stimulus was not Keynsianism either (cutting taxes is just the other side of the fiscal coin). Keynesianism is more about the LRAS curve and using fiscal policy to balance inflation and unemployment. Post-war Keynesianism also took place during the Bretton Woods era, so it's not directly applicable to the GFC.
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