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I think we even have legislation demanding the government run a 1 % budget surplus over the business cycle.

I recently learned that that legislation was a preparation to joining EMU and was commented by the magazine Affärsvärlden as an abandonment of Keynesian politics.

Budgettaket är en anpassning till EMU

Tidskriften Affärsvärlden konstaterade redan när budgetsystemet beslutades att det innebär "en av de största förändringarna någonsin i svensk ekonomisk politik", närmare bestämt "ett byte av ekonomisk-politiskt system" och att "den keynesianska budgetpolitiken överges".


Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Wed Dec 14th, 2011 at 04:35:02 PM EST
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