Imagine there was no Keynes, what would all those nimrods be complaining about?
Would Keynesian economics be called something different, after all someone would of had to think in the terms of simple logic.
Now I never read The General Theory Of Employment, Interest and Money after all I got all my economic learning from Samuelson and Galbraith, and reading those two guys is like reading the Cliff Notes The General Theory.
I kinda get the idea that those who deny Keynesian economic can mouth supply, and demand theory of economics but are really clueless when you throw in ability to pay.
OK so I may have thrown some people off. What with this ability to pay sh*t?
Getting back to what if there was no Keynes, his principles should still be correct unless of cause one believes that by clapping ones hands you can save Tinkerbell or that the jobs fairy really exists.
Government has a duty to create jobs, even if it runs up high deficits, hopefully creating desire for consumer goods, there by creating private sector jobs to fill this demand, bringing in more taxes to pay down this deficit. It's not difficult to understand. Even if there was no Keynes.
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