The Myth of the Great Moderation: Keynes vs Greenspan

The Myth of the Great Moderation: Keynes vs Greenspan
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Authors:L. Randall Wray

About as good as it gets: https://www.youtube.com/watch?v=6zsXUDQXKuQ

Haiku Charlatan has done it again with another excellent video that contrasts Greenspan’s era of the “great moderation” against the “Keynesian” golden age of capitalism. Yes, you can quibble about exactly how “Keynesian” that period from WWII until 1970 really was. I was there, and there was a lot wrong with our economy and our society. But you cannot quibble about the destruction of our society and economy at the hands of the NeoLibs, NeoCons, and Regressives–the period since the early 1970s has been an unmitigated disaster for most Americans.

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