Very interesting Opinion piece in the FT on the serch for new solution to our economic woes.
http://www.ft.com/cms/s/0/369d77da-483f-11e2-a1c0-00144feab49a.html#axzz2FFMoaPr1
The jist is that Keynes, having been on the scrap heap for 20 years or more, is now being dusted of across the pond by byLawrence Summers, the former Treasury secretary, Paul Krugman, the economist-columnist, and the US Federal Reserve chairman Ben Bernanke, came with the belief that short-term fiscal and monetary expansion was needed to offset the collapse of the housing market.
So no need to bring back the Keynes.
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