We are all jayasundariyans now!
27 Oct 2014
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“We are all Keynesians now,” Richard Nixon, then US President said, but the original phrase was from Milton Friedman. It expressed the reluctant embrace of Keynesian economics, in a time of financial crisis, by leaders such as Nixon, who had formerly favoured less interventionist policies. Friedman later clarified. According to him, the original statement has been “In one sense, we are all Keynesians now; in another, n
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