Heterodox
These myths can be seen in the video below of Stefan Molyneux’s interview of Lawrence W. Reed on the Great Depression.[embedded content]A quick point that struck me: both seem oblivious to the fact that Keynesian economists do not advocate tax increases in a recession or depression. This doesn’t inspire much confidence in the quality of the analysis.In what follows, I am using a Post Keynesian economic analysis to critique the economic theory underlying the discussion in this video, which...
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