Oddball
Unobtanium Member
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.What they're supposed to do and end up doing nearly always end up being vastly different...You see, we are still a capitalist nation.
Nope. We're a Keynesian nation.
The article's author over there clearly lacks a grasp of economic theory and monetary policy both.
Bullshit, Keynesian nation would pay down the debts in good economic times.
Keynes has consistently called for long term solvency.
Who is "they"? Keynes is long dead and Keynesian economic theory is not hinged on what politicians actually do.
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.