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Not so many years ago, 'full employment' was regarded as a realistic goal. If certain policies were pursued, all who so desired could have steady work at decent pay. Needless to say, there were disagreements on how to achieve that aim. Conservatives asked that the economy be freed to flourish on its own; given such a climate, private businesses and investors would create sufficient jobs. Liberals and those further to the left were less sanguine on this score. They believed that the government must intervene in the economy: not merely when times were bad, but to plan for full employment as a goal for the future.
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