So-called new Keynesian economists provided at least a theoretical fig leaf for more or less Keynesian ideas, and in practical terms the intellectual basis of modern U.S. monetary and fiscal policy is pretty much what was already in the textbooks 20 years ago.
Keynesian economists provided a theoretical fig leaf
She knew who the man was from the shape of his nose, the color of his eyes, and the twirl of his moustache against his rosy cheeks.