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Europe’s Lost Keynesians

Rogoff, Kenneth, (2013), “Europe’s Lost Keynesians”, www.project-syndicate.org, 23 Μαΐου.

There is no magic Keynesian bullet for the eurozone’s woes. But the spectacularly muddle-headed argument nowadays that too much austerity is killing Europe is not surprising. Commentators are consumed by politics, flailing away at any available target, while the “anti-austerity” masses apparently believe that there are easy cyclical solutions to tough structural problems.