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What If What Economists Taught Us Is Wrong?

New Keynessian economics does not state that money and credit have no influence on the economy but just the opposite. Ben Bernanke belongs to that school, and he developed several models that emphasize the main role of credit in economic growth. Bernanke and Blinder developed a model in which they show how bank lending affects the real economy. The person who wrote this article, or the man which is quoted (i believe his name is Munchau) suffers from a severe grade of a decease called ignorance