Mac rejects Keynesian economics for Cayman

(CNS): The country’s leader has said it should be the private sector that creates Cayman’s wealth and not government that props up an economy. During his Strategic Policy Statement in the Legislative Assembly on Thursday, the premier rejected the Keynesian economic model that he said the previous administration had adopted because he said Cayman was too small. While it might suitdeveloped countries Bush stated that it was not the best choice for small developing economies with fixed exchange rates, no natural resources, or manufacturing.

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