But why are Keynes' thoroughly debunked notions still in vogue? ... Imagine any of our egotistical and money- and power-hungry members of Congress or chief executives (of either party) today announcing, "Gee, this economic downturn sure is a misery. Too bad there's nothing the central government can do but to slash spending till our budget is in surplus so Washington is no longer crowding out private borrowers, meantime putting us back on the silver standard and shutting down the Federal Reserve. So all you lobbyists here to plead for special favors just might as well go home. Store's closed." ... What? Give up the greatest excuse since Hitler and Tojo for enacting every pork barrel spending spree they can imagine? Are you crazy?!
It's that simple. The typical power-mad, narcissistic, economically-illiterate democrat throwbacks are working hard to punish prudency and achievement, enslave entire classes of Americans and put at least two generations of our descendants hopelessly in hock.
Even FReepers run from Ron Paul’s conservative proposals, so is it any wonder the general populace isn’t raising much fuss?
It's even simpler than you think.
Keynesianism disregards the long-term effects of its own actions. Famously, Keynes himself, when challenged on this point, said, "In the long run, we're all dead".
Now, as a man captivated by sex with other men, Keynes' interests were in the present. Posterity was no concern of his - he renounced his genitive nature and had no offspring.
Since his time, most of society has taken up his "here and now" orientation. If a child conceived tonight is not aborted, he or she will in all likelihood be denied a real childhood. If the child is a girl, she will be sexualized prematurely. If the child is a boy, he will be immersed in pornographic filth by an early age, forever distorting his capacity to be a father and a husband.
So, when people say, "we're all Keynesians now", they say more than they intend.
We deny our posterity, to the point that most of the young cannot even entertain the concept. The posterity for which the US Constitution was written, for whose benefit the blessings of Liberty were secured, do not exist in the mind of the average American.
Without posterity and without Heaven, after all, who gives a sh*t if the currency is debased? After all, in the long run, "we're all dead", to quote Professor Keynes.