The common denominator [of Keynesianism] is economic statism. That is, the assumption that the state, including its central banking branch, is indispensable to economic progress and prosperity."The Keynesian House Of Denial." By David Stockman. Stockman's Corner, 4/16/16.As the various denominations of the Keynesian economic church have it, capitalism is always veering toward the ditch of under-performance and recession when left to its own devices and natural tendencies; and, if neglected by the wise policy-makers of the central state too long, it lapses toward outright depression and collapse.
(a.k.a. Bastion Of Liberty)
"Keep clear of the dupes that talk democracy,
And the dogs that bark revolution.
Drunk with talk, liars and believers.
I believe in my tusks.
Long live freedom and damn the ideologies!"
(Robinson Jeffers)
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