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Friday Interview: Keynesian Overconsumption Comes Home to Roost
RALEIGH — Ever since the recent financial crisis took hold, we’ve heard the name Keynes and the word “Keynesian” crop up in political and economic debates. John Maynard Keynes was a 20th-century British economist. One of his most famous sayings was “in the long run, we are all dead.” Paul Cwik, associate professor of economics at Mount Olive College, used Keynes’ line as the basis for a presentation this year to the John Locke Foundation’s Shaftesbury Society. Cwik spoke on the theme “Say’s Revenge: Living in Keynes’ Long Run.” Cwik discussed Keynes, Say, and competing economic ideas with Mitch Kokai for Carolina Journal Radio.