We are all Keynesians now

[michael]

Stein, Herbert. 1984. Presidential Economics: The Making of Economic Policy
(NY: Simon and Schuster).

  135: "in January 1971 ... on the occasion of submitting his budget, he
[Nixon] proudly announced, "Now I am a Keynesian"."

Lynn Turgeon once gave me a New York Times reference to Nixon's quotation, but
I did not find it there.

By the way, Reagan was perhaps the most Keynesian president we have ever had.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu