We are all Keynesians now

Mathew Forstater forstate at levy.org
Fri Jun 5 08:56:44 PDT 1998


I have seen it attributed to Nixon and also to...Milton Friedman. Nell quotes it in his PROSPERITY AND PUBLIC SPENDING. I forget which one he atributes it to.

Herb Stein also wrote "We are all functional financers now," even more bizarre. (crudely, ff means we don't care about the deficit or debt, they don't cause problems and are necessary fiscal tools that are just accounting).

Mat Forstater



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