Bernard Madoff (see Chapter 27) was the ultimate Keynesian. He took money from savers and gave it

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Bernard Madoff (see Chapter 27) was the ultimate Keynesian. He took money from savers and gave it to people who spent that money. Is the analogy of Madoff and Keynesianism a strong argument against the primacy of fiscal policy? Explain your answer.

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Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

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