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Department of "Huh?!": Ireland "Cuir Siao ar Ghabhar Agus Is Ghabhar" Edition

Periodically Tyler Cowen claims that Ireland's experience falsifies "the Keynesian story"--tha austerity has not killed the Irish economy but made it stronger, or that austerity has struck the Irish economy down but it is now rising up more powerful than we cdan imagine, or something:

I can't see why he says this:

Microsoft Excel

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I, at least, believe that part of "the Keynesian story" is that there are full employment equilibrium-restoring forces in the economy-but that they are weak, and will not manifest themselves if you keep hitting the economy on the head with a hammer.