[Count of Monte Fisto]

Keynesian economics is a failure.

Not if the goal is to control wealth and the economy, prevent prosperity, and undermine the Middle-class.

[Buckeye McFrog]

So why, whenever there’s a downturn, do politicians resuscitate the idea that bigger government will “stimulate” the economy?

Do I have to spit out the obvious masturbation punchline?

[HiTech RedNeck]

It’s a kind of placebo, a kind of idol. It might be a short term vitamin and yet remain a long term bane.

[cdcdawg]

people like the idea of someone “running” the economy. It’s comforting to think that there are experts there to act as guardrails. This is how a majority views the economy.

[econjack]

So why, whenever there’s a downturn, do politicians resuscitate the idea that bigger government will “stimulate” the economy?

Really? Just ask yourself: Why do politicians think taking my money and using it to buy cell phones for deadbeats makes sense? Because it keeps them in office. How do you fix this persistent problem? Term limits.

[Red Badger]

Keynesian economics is a failure.

Keynesian economics is a OXYMORON...................

[Paine in the Neck]

Keynesianism persists because it offers a smokescreen of impenetrable BS that supports what politicians want to do anyway - spend like there’s no tomorrow.

[T-Bird45]

The Keynesian du jour is Paul Krugman and he has Nobel Prize so he has to be a superior thinker with a larger brain than the economists quoted in the article or other common-sense economists like Walter Williams and Thomas Sowell.

Shouldn't really be needed but /S...

[Sergio]

bkmk

[mjp]

I’d have said it’s because Keynesianism gives intellectual cover for what politicians would want to do anyway: borrow, spend, and create money.

Yes, libtard politicians want the government to be able to control the economy. They disagree with the understanding that free market economists had before Keynes, that to end unemployment, money wage rates have to fall.But this idea is in direct conflict with the beliefs of marxist exploitation theory, that lower wage rates are exploitative.So, to be good little marxists, they had to keep wage rates from falling by means of the nexus of inflation, government spending, large budget deficits, borrowing, and large government debt.

[loveliberty2]

First, the so-called "progressives" had to prepare the children by eliminating the common-sense stories, poems, and real-life examples of the joys and benefits of individual freedom, self-reliance, opportunity, character and creativity which textbooks once contained.

Then, they peopled the teaching profession in high schools and colleges with other "progressive" regressive propagandists like themselves, all the while preparing generations for their ideology of dependency on big government planning and control.

The rest is history.