Peter Lewin
plewin@utdallas.eduRelated Freeman Articles
Ideas and Consequences
Recycling Discredited Ideas
APRIL 01, 2009 by PETER LEWIN
The current financial crisis has fueled a frenzied recycling of discredited Keynesian ideas. We are hearing again of the need for "public works," of the need to "stimulate" the economy. The Federal Reserve is frantically inflating the supply of money. We are laying the groundwork for a disaster reminiscent of the 1970s—if not worse.



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