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11-17-2010, 10:21 #19
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Originally Posted by BigBear

I'm confused... Obama is not a Keynesian is he?

John Maynard Kenes was an English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation... but we do not have full employment and there has been some inflation...

Keynesian theory doesn't actually WORK.... it's just close to what (I feel) Obama believes.

"The only real difference between the men and the boys, is the number and size, and cost of their toys."
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