The Demand Doctor: What Would John Maynard Keynes Tell Us to Do Now—and Should We Listen?

Cassidy, John. "The Demand Doctor: What Would John Maynard Keynes Tell Us to Do Now—and Should We Listen?" New Yorker. October 10, 2011.

Excerpt:

Today, some regard Keynes himself as that academic scribbler, entrancing a generation of mindless followers. For many others, he’s the economist whose sweeping theory, shaped by a Great Depression, remains the surest guide out of our current woes. In the wake of the global financial crisis of 2007-09, President George W. Bush and President Barack Obama both launched tax-relief and spending initiatives designed to stimulate growth. Nicolas Sarkozy, in France, and Gordon Brown, in Britain, proclaimed the end of the free-market era. We were all Keynesians, and knew it — for about five minutes.

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