We are all keynesians now. It's A phrase that entered public discourse as the headline of a Time cover story in 1965. Now it's coming back into fashion. This does not signify that we are all-as was Englishman John Maynard Keynes-Cambridge University economists with lucrative side jobs as investment managers, spectacular art collections, lots of famous friends and Russian-ballerina wives. At least I don't fit that description. Do you? The resurgence of interest in Keynes also doesn't represent a full return to 1960s-style Keynesianism-the belief, shared by many economists and politicians in those days, that government could tame the business cycle and guarantee good economic times indefinitely.
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