Pushing the fantasy barrow

There is a growing number of commentaries by mainstream academic economists which I consider to be revisionist efforts to deny that fiscal policy has had any positive impacts. Some of the more manic offerings assert that the government intervention has actually worsened the recession and will reduce growth in the future because all the debt has to be paid back. These characters never give up trying to assert their twisted notion of self-importance. Some of the notable revisionists come out every recession and say the same thing. They cannot get over the fact that their approach to economics,which has dominated in the last 35 years and finally delivered the World to a state of near Depression, is now without any credibility. They hate the fact that the only way out was of the crisis was to reject their nonsensical policy suggestions – that the market would work it out – and return to fiscal activism. Anyway, today, I consider a notable example of this denial.

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