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the assaults towards Keynes have again been from the proper. A collection of main bailouts have been pursued during the financial crisis, beginning on 7 September with the announcement that the U.S. Government was to nationalise the two government-sponsored enterprises which oversaw most of the U.S. subprime mortgage market ? Fannie Mae and Freddie Mac. In October, Alistair Darling, the British Chancellor of the Exchequer, referred to Keynes as he announced plans for substantial fiscal stimulus to go off the worst effects of recession, in accordance with Keynesian economic thought. Similar policies have been adopted by other governments worldwide. This is in stark distinction to the action imposed on Indonesia during the Asian monetary disaster of 1997, when it was compelled by the IMF to shut sixteen banks at the New version saint patricks day the celtic cross vintage full printing shirtsimilar time, prompting a bank run. Much of the publish-disaster discussion mirrored Keynes’s advocacy of worldwide coordination of fiscal or monetary stimulus, and of worldwide financial institutions such because the IMF and the World Bank, which many had argued ought to be reformed as a “new Bretton Woods”, and will have been even before the crises broke out. The IMF and United Nations economists advocated a coordinated international approach to fiscal

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