Keynes can't help us now

This is an opinion item.

Author(s)	Niall Ferguson
Source	Los Angeles Times
Date	February 6, 2009
URL	http://www.latimes.com/news/opinion/commentary/la-oe-ferg6-2009feb06,0,6972232.column
Quote	"The born-again Keynesians seem to have forgotten that their prescription stood the best chance of working in a more or less closed economy. But this is a globalized world, where uncoordinated profligacy by national governments is more likely to generate bond-market and currency-market volatility than a return to growth. There is a better way to go: in the opposite direction. The aim must be not to increase debt but to reduce it."

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This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.