Crass Keynesianism
A recurrent comment about public policies inspired by Keynesian economics is that they are crass or vulgar. Instead of seeing a complicated and unpredictable interplay of individuals pursuing their own ends, society is perceived as a giant machine (“the economy”) … Continue reading
Posted in Economics, Politics
Tagged Consumerism, Deflation, Egalitarianism, James M. Buchanan, Jörg Guido Hülsmann, Keynes, Keynesian Economics, New Keynesian Economics
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