During the GFC, a new phenomenon emerged – the ‘We knew it all along’ syndrome, which was characterised my several mainstream New Keynesian macroeconomists coming out and claiming that some of the insights provided by Modern Monetary Theory (MMT) economists were banal and that their own theoretical framework already accommodates them.
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Costas Lapavitsas: Greece’s Long Road Ahead
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EU politics, EU-Institutions, National Politics, Neo-Liberalism in the EU
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