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At the end of the day general public is bother about the well being.The only subject that revolves with that is economics.In the present age of liberalization era we must deal with supply side tool which is done by Fed. Contrary to this, Congress adapt Keynesian policy even in the recession of 2008 as a prescription to get out of the trap. But it does not seem to be much fruitful in the long run. Keynes, himself, argued for short run and quantity adjustment process with an aggregate view. To counter the new classics, neo classics and classics, the post/new keynesian economists tried to explain keynes in the context of microeconomics which is not cent percent a proper thing. Again, Keynesian prescription was for closed economy. When in case of open economy we try to explain him, then, marginal propensity to import term gets added to the denominator and hence, Keynesian multiplier fails. Similarly, inequality has a high significance with economic growth. This distributes the marginal propensity to save to be different for different classes. Hence, Keynesian multiplier may also fail. Thus, we may say Fed is more powerful than Congress regard to its prescription. But whether to choose short run or long-run or the degree of wage-price stickiness is arguable. It is not right to explain Keynes by establishing a classical based background. This has been a long-time argument of economic history. For me the immediate wanting effect can better be handed over to Congress and for long-run it is better to leave it on Fed.

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