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DAMN THE RULES, IT'S A PARALLEL UNIVERSE!
Author(s) -
Steele G. R.
Publication year - 2009
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01930.x
Subject(s) - inflation (cosmology) , keynesian economics , new keynesian economics , psychological intervention , economics , monetary economics , medicine , monetary policy , theoretical physics , physics , psychiatry
Even though Keynesian policy has shown itself ineffective in sustaining full employment without inflation, bogus panaceas have again been rolled out, by politicians and economists seeking to ameliorate the aftermath of excessive credit. Keynesian interventions can only impair readjustments and delay recovery.