"Unfortunately, several decades of Keynesian instruction on the virtues of budget deficits have left the public and our political leaders confused about the costs of running persistent deficits. [...] Keynes has been that influential defunct scribbler for the past generation. But who would ever have thought that the politician hearing Keynes's voice in the air might be Ronald Reagan"
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Original Language: English
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Sources
Martin Feldstein, "Counterrevolution in Progress", Challenge (1988).
https://en.wikiquote.org/wiki/Keynesian_economics
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Keynesian economics
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