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Examiner Editorial: Economic policy should be based on facts, not fairy tales

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President Nixon raised eyebrows in 1971 when he declared, “I am now a Keynesian in economics.” The Republican president was referring to the economic theories popularized years before by Britain's John Maynard Lord Keynes, which came to be associated mainly with liberal Democrats advocating massive government spending to stimulate the economy. Keynesian economic theory was also at the heart...

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