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Articles by Alexander W. Salter
The problem is that, from a research perspective, there are important reasons to keep off the state capacity bandwagon, even if doing so would be ideologically congenial.
Hydraulic Keynesianism is now usually found in the comparatively unsophisticated realm of the popular press.
Almost everybody likes receiving services from the government. Almost nobody likes paying for them.
There is growing support for the idea that meddling with market interest rates is a bad idea. Interest rates coordinate intertemporal production plans, and any attempt to alter them will entail undesirable unintended consequences.