Farewell to Old Economic Nostrums
Paul Craig Roberts
Counterpunch
January 22, 2008
With his tax rebate policy, President Bush has put economic policy back on a Keynesian basis. Will it work?
During the two decades it was in effect, supply-side economics had restorative effects on the American economy. Its predecessor, Keynesian demand management, stimulated demand more than supply. Consequently, …
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