Comments by "craxd1" (@craxd1) on "" video.
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That was one of the best exposés that I've had the pleasure of listening to.
The problem is, that we have many in government, today, with those very beliefs, and they fully intend on dragging the west into their disastrous system even deeper.
"Keynesian economics, as part of the neoclassical synthesis, served as the standard macroeconomic model in the developed nations during the later part of the Great Depression, World War II, and the post-war economic expansion (1945–1973). It lost some influence following the oil shock and resulting stagflation of the 1970s. Keynesian economics was later redeveloped as New Keynesian economics, becoming part of the contemporary new neoclassical synthesis, that forms one current-day theory on macroeconomics. The advent of the financial crisis of 2007–2008 sparked renewed interest in Keynesian thought." -- Wikipedia
Then, there is this:
"Keynes, a British economist who died more than 60 years ago, inspired President Barack Obama's plan to save the U.S. economy with a massive round of government spending. The British economist published his big theory, the one underpinning most of what Obama intends to do, in 1936.
"By the 1980s, many believed Keynes' ideas were utterly discredited. But he is the man who came up with the then-radical notion that a government can pull a country out of a deep recession by spending a lot." -- NPR article: Obama Gives Keynes His First Real-World Test (Jan. 2009)
Of course, we had the Bush family do something very similar, and now, in 2022, we've spent trillions more.
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