ECONOMIC GROWTH, TRADE, & DEVELOPMENT POLICY
Basically, Keynes’s followers prevailed. Here is more from The Economist.
No doubt. And they, the statists and socialists- have positioned USA for a major debacle. Circa 2017. Watch what happens when its dollar loses reserve currency status. All that is holding the US up at the moment is the failure of China and India to get their acts together.
Well, you have to read Barry Eichengreen: http://sapkotac.blogspot.com/2011/01/currency-war-and-future-of-dollar.html