One wonders how many times this Keynesian experiment has to fail before they stop trying. It didn’t work during the Great Depression, it hasn’t worked during Japan’s lost two decades, and it hasn’t worked now in the Little Depression. The theory is bunk.
Of course it is. I just wish that those professors of economics who preached the Keynesian gospel to me all those years--in the face of how it failed in the Great Depression--could be around to face the facts of how it failed in Japan.