FionaK |
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| http://bilbo.economicoutlook.net/blog/?p=21494This is an excellent response to the cowardice which is the so-called progressive economic alternative to neoliberal mainstream thinking. As I have noted before, the neo-keynesians basically agree with the neoliberals: the only difference is timing. This author rejects the idea that it is progressive at all and he founds on Modern Monetary theory, which I have linked elsewhere. If he is wrong then his opponents need to show why he is wrong: as ever, all they have at present is mere assertion
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