17min chapter

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US Fiscal Policy and the 'Deficit Myth' with Stephanie Kelton

Masters in Business

CHAPTER

Economic Cycles and Fiscal Strategies

This chapter examines the frequency and impact of recessions over the last two decades, focusing on governmental responses and the historical context of economic expansions. It critiques contemporary interpretations of Keynesian economics and discusses the implications of fiscal policies during both recessions and periods of growth. Additionally, the narrative explores the effects of recent stimulus measures and taxation proposals on inflation and wealth concentration, providing a comprehensive view of modern economic challenges.

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