- Jan 3, 2009
- Reaction score
All economic theory is based upon what humans -which includes politicians- do....Keynesian theory relies upon economic central control, which is the realm of politicians.....It's a shit show as a matter of course.Who is "they"? Keynes is long dead and Keynesian economic theory is not hinged on what politicians actually do.What they're supposed to do and end up doing nearly always end up being vastly different...Bullshit, Keynesian nation would pay down the debts in good economic times.
Keynes has consistently called for long term solvency.
Like all the other fanciful fantasies of socialist Utopia, it all comes crashing down when you introduce the element of capricious, ignorant, and outright greedy humans.