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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (588159)10/1/2010 10:18:55 AM
From: i-node  Read Replies (2) of 1575001
 

Keynes developed his economic principles during the depression. That's a fact not subject to your editorializing. European progressive excesses made them unpopular for a time, but the world's major economies almost unanimously returned to keynesian policies during this last recession...so to say that his economic principles are in decline is simplistic...they were in decline until the crisis in 2008.

Keynes also did not and would not today support the idea of uncontrolled structural deficits which the Democrats have imposed on this country.

Keynes did not support Obama-esque deficit spending like the stimulus bill, with no visible means of repaying the debt.

Obviously, you have no idea what Keynes did or did not believe.
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