Wikiquote is normally reliable. It is *largely* from a letter to John Taylor dated 15th April 1814.So in my view, given the context of that quote and this abject cynical view of the outcome (I can't analyze Adams' writings, intent or his personal views w/o expending time I don't have)...However, the version you have is a misquotation, and the text of the letter has been further mangled by rather naughtily compiling different sections to make a single quote that Adams never wrote. From The Works of John Adams, Second President of the United States, Volume 6, 1851, where the Taylor letter is reprinted:
"Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either." Reference
And about a page later ...
"Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide".
Source(s): Google Books
...is it factual to call Keynesian Economics a 'failure', if the intended outcome is 'either of the two' (aristocracy or monarchy, or some derivative)?
If the answer is 'no', then the logical intent of libs/progs is usurping the Constitution (without regard to the obvious defects in our "democracy").
That brings on a whole different discussion I won't have here...nor about this stupid article.
“The experience of all former ages had shown that of all human governments, democracy was the most unstable, fluctuating and short-lived.” - John Quincy Adams
“Democracies have ever been spectacles of turbulence and contention;have ever been found incompatible with personal security or the rights of property; and have, in general, been as short in their lives as they have been violent in their deaths.” - James Madison
Democracy is the most vile form of government - James Madison