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One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.
Original article: The Keynesian Multiplier Fairy Tale
By Mises Institute4.7
9393 ratings
One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.
Original article: The Keynesian Multiplier Fairy Tale

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