2008–09 Keynesian resurgence
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Following the global financial crisis of 2007–08, there was a worldwide resurgence of interest in Keynesian economics among prominent economists and policy makers.
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- The same people who would never touch deficit spending are now tossing around billions. The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking.
- Peer Steinbrück, quoted in Stefan Theil, "Peer Steinbrück on the Global Economic Crisis", Newsweek (December 5, 2008)