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They can use it with a straight face because they know no better than Keynesian statist BS. Most of them have never heard of the other schools of economics, let alone be familiar with them.
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They can use it with a straight face because they know no better than Keynesian statist BS. Most of them have never heard of the other schools of economics, let alone be familiar with them.
It's hard to fathom how econ teachers can continue using the "price stability" justification with straight faces.