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This Just In: Keynes Is Dead



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Perchance Paul Krugman will rethink his longtime crush on Europe. Here’s the opening of a New York Times story, headlined “Europe Seen Avoiding Keynes’s Cure for Recession”:

LONDON — The British economist John Maynard Keynes may live on in popular legend as the world’s most influential economist. But in much of Europe, and most acutely here in the land of his birth, his view that deficit spending by governments is crucial to avoiding a long recession has lately been willfully ignored.



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