John Maynard Keynes once responded to criticism that “in the long run” deficit spending as a monetary policy would lead to calamity by noting the “in the long run” we are all dead.
John Maynard Keynes once responded to criticism that “in the long run” deficit spending as a monetary policy would lead to calamity by noting the “in the long run” we are all dead.
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And as we say now: Keynes is dead and we are stuck living in the long run.