| ssj12 said: ya... we really would be better of if we went with hayek... |
Probably anyway.
It's what is ironic about the "In the long run we're all dead" arguement.
It was right... in that... in he's dead, and so was everyone else... it wasn't until afterwords stagflation happened... and I mean... in the long run... we might be able to outrun the debt and burden it on all your kids. (I'm not having any.)
Keynes is a lot like Marx... in that... I wonder if he were still alive he were a Keynsian. Like if Marx was alive, there is a good chance he wouldn't be a communist.
Just like how things have improved DRASTICALLY from the time of Marx without the "rise of the proletariat"... the onset of Stagflation likely would of likely struck Keynes pretty hard.
It's amusing... and this is true for hayek as well... how a great person's beliefs change drastically through their lives... but then crystalize and almsot don't change at all after their deaths among their followers. Granted Keynes and Hayak do have economists who are in their footsteps, but the changes have been fairly mild.
