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Deregulation and Keynesian Stimulus

Tweet [1]

If, as some persons assert [2], today’s economic problems are the result of 30-odd years of deregulation and laissez-faire policies, then why do many of these same persons [3] who make this assertion also assert that massive fiscal stimulus will go a long way — or should even be a part of an attempt — to right the U.S. economy?

Surely significant structural malformities created by ill-advised deregregulations would not be righted simply by even the the most massive increase in aggregate demand.