How did Keynes justify government intervention through "pump priming?" Do you agree with his reasoning, or that of the monetarists and why? Use a recent event, such as the 2008 financial crisis as a test case.4) Why did neoliberalism emerge? How does it differ from the liberalism of Adam Smith? What predictions did Friedman make in regard to the relationship of economic and political freedom and why or why not has it held up to the test of time?
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