...and other myths about Keynesian economics
If someone tells you that Keynesianism disregards the long run or that Keynesians don't care about the long run you can quite safely severely discount the value of anything else that person tells you about Keynesianism, period.
How did "the long run is not necessarily a guide to the short run" ever become "the long run doesn't matter" in the first place?
My prior is always to first assume the second option, but others may differ.
17 hours ago