HP. He ushered in the neoliberal era that we are in today.
Lmao what???
LBJ was the first Neolib president, no question.
No, LBJ was a Keynesian.
The two aren’t mutually exclusive, and LBJ was nowhere near as Keynesian as, say, FDR.
Yes they are. One is associated with Keynes, Alvin Hansen, Paul Samuelson, the Phillips curve, and the IS/LM model, whereas the other is associated with the Mount Pelerin Society, Ludwig von Mises, Frederich Hayek, Milton Friedman, and the Washington Consensus.
FDR didn't know what Keynesianism was. He had no theoretical basis for what he was doing. He just enacted plans that he thought would work. But he didn't embrace Social Security until the Second New Deal, and never embraced Medicare, Medicaid, Food Stamps, etc. He tried to balance the budget in 1937 which brought on another recession.
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