Paul Krugman is one of the prime movers of the new Keynsians, I believe.
And the current economic situation exists because we inflated a property bubble and it burst. Approximately $7trillion "vanished" when the housing bubble burst - the fallout from that is what we're currently dealing with.
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And the current economic situation exists because we inflated a property bubble and it burst. Approximately $7trillion "vanished" when the housing bubble burst - the fallout from that is what we're currently dealing with.