Keynes lives

ARTICLE - Today's monetary policy is increasingly used as a Keynesian-style tool of demand management believes Robert Skidelsky, Professor of Political Economy at Warwick University in the UK.

From the Financial Times 16 August, London edition.

The Bank of England cut interest rates this month by a quarter point in response to growing fears of recession. In the US, President George W. Bush's recently enacted tax package front-loaded tax reductions for the same reason.

All of this sounds rather

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