The Return of Keynesianism, Redux

A couple of weeks ago, I wrote about the return of Keynesianism in the face of the exhaustion of monetarist policy options in the United States.  On Tuesday, the Financial Times carried a similar story.  In an editorial entitled “The Undeniable Shift to Keynes,” the FT argues that Keynes’s ideas are more relevant today than ever.  The story provides a great overview of the current policy options on the table in the United States, Germany, France, the United Kingdom and the European Union, nearly all of which have embraced Keynesian policy solutions to the economic crisis.  It’s well worth a read.

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