You mean he died again. Keynes has had more funerals than I can count. The truth is that for the political class a theory claiming all ills can be cured with government spending is just too sweet to ever give up. It won’t be six months before they are all howling for more “stimulus”.
Keynesian economics, just like socialism, communism, marxism, et al is not dead, and it will never die as long as there is one ignorant libtard “intellectual” willing to extol its “theoretical brilliance”, while simultaneously complaining that it had not been implemented correctly, given enough time, or provided enough spending when it fails miserably in reality.
Don’t forget Matt Dillon. Every week for 20 years he’d gun down some random jaywalker on Dodge’s City’s main street.
Keynesian economics benefits the government at the expense of the people, therefore, similarly to currency devaluation, it is favored by politicians and will never die.
Uh, no, he died in a hospital in Royal Oak, MI. He died from pulmonary embolism, while hospitalized for 2 weeks with kidney and respiratory problems. He also had cancer. So much for taking a dose of his own medicine.
The Krugster is not going to be happy with this article.
The Keynesian zombie will keep coming to life like the undead in a bad horror movie as long as one liberal and a few RINOs are in Congress. Keynesian economics should have died with the stagflation of the late 1970s when the long touted Keynesian idea of inflation having an inverse relationship with unemployment (Phillips Curve) was proven flat wrong. Jimmy Carter’s Keynesian stimulus plans fueled an inflationary spiral pushing inflation to nearly 20%.