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History, 24.03.2021 23:50 fatherbamboo

Keynesian ideas were dominant in the U. S. from the mid-1930s through the 1970s, yet during that time the national debt increased steadily rather than going up and down. Why do you think the application of Keynesianism resulted in increasing deficits rather than a movement back and forth between deficits and surpluses as Keynes recommended?

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