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Milton Friedman & Keynes Both Thought Government Could Stop Recessions

Source: Forbes · Oct 18, 2026 14:00 UTC

Carved stone eagles and seal above the entrance of the Federal Reserve Bank of Dallas — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Resource-bereft governments that most certainly cannot increase “demand” through spending can hardly do so via monetary policy.

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