01/29/2009 05:12 am ET | Updated May 25, 2011

Financial Times: The Undeniable Shift To Keynes

More than three decades have passed since Richard Nixon, the Republican US president, declared: "We are all Keynesians now."

The phrase rings truer today than at any time since, as governments seize on John Maynard Keynes's idea that fiscal stimulus - public spending and tax cuts - can help dig their economies out of recession.

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