Quote:
Originally Posted by Ronald Pagan
That's odd I don't think you have very broad horizons as new-Kenysianism is pretty active right now. New keynesian theory states that monetary policy should be used to counter-act an exogenous fall in consumer confidence.
Keynsian theory discredited? Please. Nothing could be further from the truth.
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In American and Canadian theoretical circles, I am totally bang-on. I can't account for what stupid governments do with politically motivated leaders who can't think ahead of the next election cycle.