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Fascinating that Wiki is that off. I think the consensus is clear that the government has to step in, fix any structural problems, borrow and spend when no one else will to jumpstart things. (Our structural problem is people are worried this is Walking Dead IRL of course.)
Definitely the accepted wisdom but there are disagreements and wrinkles to that. It looks like things got better in 1933 because: 1. Expectations alone 2. Expansion of monetary supply without govt demand And Austrian school disagrees with Keynes theory of solution.
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