Mark Nestmann: We’re All (Hyper) Keynesians Now

by John Rubino, Dollar Collapse: In 1971, President Richard Nixon supposedly told an ABC News reporter that he was “now a Keynesian in economics.” Nixon’s statement was an acknowledgment that he agreed with the ideas put forward by John Maynard Keynes. In his 1936 book The General Theory of Employment, Interest, and Money, Keynes recommended […]