This is not a nation reefing sails for hard times - and that may be a blessing, a Keynesian stimulus of sorts from an unexpected quarter: the consumer.

International agreement was achieved for the common adoption of Keynesian fiscal stimulus, an area where the US and China were to emerge as the worlds leading actors.

The President's proposal to undo Keynesian stimulus is raising cries of alarm.

Nor does the Government seem inclined to try a dose of Keynesian fiscal stimulus, for fear of running a bigger budget deficit.

Keynesian stimulus needs to be a positive demand shock.

By mid-2010 the earlier global consensus for ongoing Keynesian stimulus had fractured, mirroring the dissensus that had emerged among prominent economists.

Others, like Robert Barro and Gary Becker, say that the empirical evidence for beneficial effects from Keynesian stimulus does not exist.

They said "Keynesian stimulus" and people got excited.

Keynesian stimulus might be gone from the Administration's box of policy tools, but the principle involved remains very much in people's minds.

This continues to give the economy a very massive Keynesian stimulus.