Neither would Keynes necessarily disagree with the more general concepts of macroeconomic coordination during times of full employment. Keynes’ concerns primarily dealt with periods marked by a dramatic fall in effective demand.
This is my paraphrasing of something I remember reading recently. I just can't remember where I read it. Anybody have any clue? I've asked around quite a bit, but no responses. Maybe I imagined it.
The Mises Institute hosted a debate between Bob Murphy and a Keynesian who's name I forgot. The Keynesian made that point exactly.
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