[Nifster]

Keynes was wrong.....except for his observation that in the long run we are all dead

[Fiddlstix]

Keynes who had no brains.
FDR who had less brains than Keynes
Add up to the mess we are in

[rollo tomasi]

Keynes was wrong is more like Keynes was misinterpreted and ignored.

You spend in periods of recessions and cut in periods of growth. The first part comes easy to a politician wishing to secure votes, the second part is not so easy, hence the spending orgies in "good times" and "bad times." Problem is, this will eventually have ramifications when true growth can't sustain the "fake growth".