The IMF Admits It Was Wrong About Keynesianism

[LAM]

The recent revival of boom-bust business cycles and the world?wide slow recovery from 2009-2012 has renewed interest in the analysis of a money-production economy developed by Keynes and capital-structure based Austrian macroeconomics developed by Hayek, Mises, Rothbard, and most recently by Garrison.

which goes back to the 1980's with Greenspan when the followed the "monetary theory" of Milton Friedman when the monetary base was double every decade while the US population was only growing at 1% annually.

* if you ever bothered to do any real analysis and say downloaded the excel spredsheet that goes with the graph below you would see that the monetary base doubles every decade until the financial collapse in 2008, then the real money printing begins.

St. Louis Adjusted Monetary Base (BASE) - FRED - St. Louis Fed

* since the 1980's the #1 export of the US has been dollars