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The Great Forgetting - What's Causing It?
Economists have deliberately forgotten what they knew in the 19 seventies, 19 eighties and 19 nineties. Some of it is simply history receding; others a kind of wilful forgetting. If you could just wake up every morning create more jobs by printing money, it's like a world without scarcity. Even early in the nineteenth century, most good economists knew that,. And there was this insistence, after byden was assuming office, that all we had to do was gear up the mechanisms of stimulus and everything would be great. That was completely wrong.