EdwardBaiamonte
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- Nov 23, 2011
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Those who have actually studied Keynesian Economics know that it does allow modest deficit SHORT TERM deficit spending to stimulate the economy, but the theories also require that the term of deficit spending to be short, specific, with the shortage returned to the Treasury right away.
I think you are giving Keynes way too much credit. He was firstly, a liberal of the worst sort. He was a monumental ego manic who literally saw himself as an apostle.
In The General Theory he said he could tweek every little thing about the economy much like a race car mechanic to keep it performing optimally.
If Keynes meant anything specific other than, I'm the apostle so let me run the world, we would all know exactly what Keynesian economics was.