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    #1

    on the wrong side

    Please set me clear on the following in red.

    Keynesians and monetarists are on the wrong side of history. Increasing the supply of money cannot create prosperity because that is not how wealth is created.

    Is it saying "they are doing harm to history," or "their theory and ideas are disproved by historical facts"?

    Thank you.

  1. Raymott's Avatar
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    #2

    Re: on the wrong side

    It means the second of your propositions. "History has not supported their theories."

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