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</a> The Keynesian expands the money supply and generates an artificial boom (malinvestment), but the boom cannot be sustained and so more monetary expansion is demanded (Krugman anyone!), more fuel for the fire. Finally, the truth of the artificial boom becomes manifest so that no amount of monetary expansion can sustain the malinvestment. Suddenly, the Keyneian discovers Keynes prediction of a liquidy trap has come true.
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