Will the Leftists finally give up on Keynesian economics that has driven the country into the ditch every time it’s been tried? I doubt it. Keynesian economics is successful with the elites for the same reason that Freudianism is. It has three characteristics that are attractive to them:
- Couched in arcane technical-sounding jargon.
- Supports conclusions that are counterintuitive.
- Supports behavior patterns that are desirable to them, provides theoretical and moral justification for behavior they enjoy on an individual level.
- Has the effect of breaking down the fabric of society, which fabric they believe to be a stultifying straitjacket that prevents society from "progressing" and, coincidentally, prevents them, on an individual level, from engaging in preferred behavior patterns.
Freudianism liberates people from moral and logical strictures on the limits of sexual behavior, and Keynesianism liberates them from moral and logical strictures on financial and fiscal behavior. This makes it a big winner among the pseudo-intellectual crowd, the elites who increasingly dominate and control our society.