[Da Coyote]

Yup, those gummit jobs really have worked well for Greece.

They worked for Soviet Russia also.

Gads, how did Mr Keynes get so d*mned smart?

Aren’t you thankful that we scientists have long (and properly) p*ssed in the general direction of economists?

[Sam Gamgee]

You would have thought the experience of the 1930s and then the 1970s were enough to prove that Keynes was an idiot. Keynes was an ivory tower liberal who played the same game the left plays now. He trumped the benefits of government spending a $1.00 without mentioning to do so a $1.00 was removed from the private sector. The multiplier has to be applied both ways. In other words, to be a Keynsian you have to argue that the government can invest a $1.00 better than you and I can.

The sad thing is many if not most Republicans are also Keynsians. Bush believed in cutting taxes but by doing it by borrowing money from future generations. His tax cuts were never matched by spending cuts.

[apoxonu]

Keynes advocated deficit spending ONLY during recessions. In good growth times, the government was supposed to be running surpluses and saving for the next recession.

We've hardly ever done that since the days of Woodrow Wilson.

Keynes never disavowed his theories; what he said was that the US government was ignoring the other half of his equation and therefore our economic system was doomed to failure.