"Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroeconomic policy on the global scale is a bit like that. It is Keynesianism for the rich countries and monetarism for the poor."
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Ha-Joon Chang, "Keynesianism for the rich, monetarism for the poor," ch. 7 of Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), p. 142.
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Macroeconomics
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