Open Left

Yes, But

even the market types among real economists understand that Keynes was right in the face of massive market failure.  They understand 1937.  They understand Japan's "lost decade."  That's why you had a consensus of economists saying we needed a big stimulus a year ago.

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

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by: Paul Rosenberg @ Tue Jan 26, 2010 at 05:59:56 AM CST