Keynes only makes sense if you believe that you can take water out of the deep end of the pool and pour it into the shallow end to make the shallow end deeper.
However, Keynesian economics does fit hand in glove with leftist/humanist beliefs - that everything could be perfect if the right people were given enough power to make things perfect.
Rule by the Experts. Friedman’s Monetarism is a mirror image sort of the same thing.
Keynes was a homosexual with no vision for a sustainable future for his progeny. (Children are born and raised by hetero-sexual unions.) Keynes future outlook was summarized by himself, “...in the end we are all dead!” His real outlook eat, drink, sodomize and then die ...the end. In contrast Solomon wrote wisdom for the ages “ A good man leaves an inheritance to his children’s children...” Proverbs 13:22
“Keynes only makes sense if you believe that you can take water out of the deep end of the pool and pour it into the shallow end to make the shallow end deeper.”
A better analogy would be: if you believe that you can dam up a river, to reduce flooding, and store up water for release during droughts. Of course, you can do that — and, in theory, you can do much the same with fiscal policy.
However, while in theory there’s no difference between theory and practice: in practice there is. Fiscal policy works well in theory — it doesn’t fare so well in practice.
The big problem with fiscal policy is that it’s usually about 180 out of phase with the economy. By the time fiscal “stimulus” is put into effect, the economy is booming, and theory calls for fiscal restraint — and vice versa.
An even bigger problem is the way tax-and-spend governments use fiscal policy. They’re all for stimulus. They never met an economic indicator that didn’t look like a signal for increased spending. However, they completely ignore the other half of Keynes’ prescription — pay back debts during boom times. That never happens — and that’s why Keynes’ would not be among today’s Keynesians.
“Keynes only makes sense if you believe that you can take water out of the deep end of the pool and pour it into the shallow end to make the shallow end deeper.”
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Don’t be silly, no one believes something that stupid, what you can do is take one hour off one end of the day and add it to the other end to make it longer.
Keynes believed the government should tax high in the good years and then drop taxes in the bad years and the government then gives back what it took in the good years to smooth out the bad years.
Keynesians believe you tax high in the good years and tax higher in the bad years and keep raising taxes because well they get more money to buy more votes by spending more money on government pork.