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Damn The Rules, It'S A Parallel Universe!

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  • G. R. Steele

Abstract

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.

Suggested Citation

  • G. R. Steele, 2009. "Damn The Rules, It'S A Parallel Universe!," Economic Affairs, Wiley Blackwell, vol. 29(3), pages 98-100, September.
    • Handle: RePEc:bla:ecaffa:v:29:y:2009:i:3:p:98-100
    DOI: 10.1111/j.1468-0270.2009.01930.x
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    References listed on IDEAS

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    1. Mark Setterfield, 2007. "Is There a Stabilizing Role for Fiscal Policy in the New Consensus?," Review of Political Economy, Taylor & Francis Journals, vol. 19(3), pages 405-418.
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