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Response to Comments: /TotW/Reagan_taxes.html
from Bradford DeLong (jbdelong@home.com)
Nah. In the context of the 1980s and 1990s, the Federal Reserve
has its target for real GDP and unemployment that it will try to
hit--so a bigger deficit means higher interest rates. It's not the
pre-Keynesian childish babbling of a Say, but a certain (I think
correct) view of how the Federal Reserve behaves...
(posted 8755 days ago)
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