• Ewball_Oust [comrade/them]
    ·
    edit-2
    4 years ago

    Except QE is not a genuine Keynesian counter-cyclical fiscal policy.... I guess we could understand the two terms more "broadly", but at a certain point the meaning becomes so vague it would useless to talk about them

    Keynesianism is a bourgeois economic theory, but it's explicitly not neoliberal in the Reagan-Thatcher-Chicago School sense

    (Though to further muddy the waters, the so-called Neo-Keynesians are neoliberal; original Keynesian economics of Keynes, Galbraith, Kaldor et al. are quite different from Krugman and Mankiw)