Liquidity Proposals for a New Bretton Woods Plan
A Former President of the United States, Richard Nixon, said two interesting things about US economic policy: ‘We are all Keynesians now’ and ‘Watch what we do, not what we say’. Somewhat facetiously, I can suggest, as one who watches the Reagan Administration’s policies, that the current Administration in Washington has unconsciously acted in part as if it had learned an important tenet of Keynes’s theory of how government should behave at less than full employment.
KeywordsBanking System Trading Partner Full Employment Trade Deficit Efficiency Wage
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