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by imtringued 1371 days ago
If you could somehow revive Keynes for a day he would have said "raise taxes and pay off government debt to keep inflation in check"

Keynes policy proposals for the government have an obvious flaw, nobody really follows them unless he gives the government permission to spend (which is obviously a valid move in a depression or during COVID). This is why I think Keynes theories have had more success in montary policy than fiscal policy.