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Ben (Bernanke) and the Art of Business Cycle Maintenance

Written by The Two River Times. Posted in Letters & Commentary

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Ben (Bernanke) and the Art of Business Cycle Maintenance

Published on October 19, 2012 with No Comments

By Steven Pressman

Economist John Neville Keynes maintained that while economics was a science, policymaking was an art.

His son, John Maynard Keynes, developed the science of macroeconomics. Due to the work of Maynard Keynes economists know that lower interest rates lead to more borrowing, more spending and more jobs.

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