Tuesday, March 5, 2013

Dirk Ehnts — In the long run we are all – what?!

I welcome the fact that the European institutions start to incorporate Keynes and his ideas into their speeches and policies (see Mr Rehn’s recent comments), but I have yet to read a single sentence in which someone from the troika makes sense of Keynes and his ideas. Until now, it all comes down to: “see, we are Keynesians, too, so there is no alternative.” The Spanish newspaper EL PAIS calls it smearing Keynes(ianism). And Europe continues to fall apart because its policy elite has lost its ability to discuss and evaluate ideas.
econoblog101
In the long run we are all – what?!
Dirk Ehnts | Berlin School for Economics and Law

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