15/07/26 18:06:10.35 uDhGJ6nw.net
>>137の続き
So why were the ugly Americans right? Because the theory of optimum
currency areas turns out to be basically right. And that theory is
best seen, I’d argue, as an application of the same Hicks/Keynes style
of analysis that has worked so well on interest, inflation, and austerity.
All in all, the past 7 years have been a very good time for old-fashioned
macroeconomics. But of course nothing will make the Germans, or
the U.S. right, concede that Keynesian ideas have worked.