.
.
.
Eventually.
.
“In the long run, we’re all dead.”
That was JMK’s answer to the question about how long this policy could be extended until it blew up.
That childless gaylord is now long dead, and we have to deal with the aftermath.
The Long Run is here.
In the long run...
“Keynesian economics always kills Keynesian economics.”
I heartily disagree. Keynesian economics has always been its own justification. It cannot ever fail, because when it screws things up it can always, always blame whatever remains laizzes-faire.
I like to say it another way.
SOCIALISM ALWAYS FAILS.