All Dreams End: The Collapse of Keynesian Economics
Now that debt is rising faster than "growth," and "growth" is dependent on speculative credit-asset bubbles, the collapse of the Keynesian dream looms large.
Unbeknownst to economists, the Keynesian bedrock of modern economics--using financial repression and government spending funded by debt to manage the business cycle of growth and recession--is an artifact of a century of expansive cheap energy and virtuous demographics.
Presented as quasi-scientific "laws of economics," Keynesian policies of suppressing …
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