Is Keynesianism dead?
- Posted on September 5, 2026
- By Financial Times
- 8 Views
- 1 min read
This article examines whether Keynesian economic theory remains relevant in modern debt-saturated economies. It argues that traditional fiscal stimulus policies, while historically effective during downturns, may prove counterproductive when national debt levels are critically high. The piece explores the tension between demand-side interventions and debt sustainability, questioning whether increased government spending can still function as reliable economic medicine or has become a dangerous prescription that exacerbates underlying fiscal imbalances.
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