Keynesian dogma is all about moral hazard. In the name of restoring employment and the economy, we will recklessly spend money on our friends even though we know it doesn’t work.
A crisis is a terrible thing to waste, don’t you know.
“Don’t be so skeptical. This is not Keynesian dogma. It is the successful policy developed by Gideon Gono, Financial Minister of Zimbabwe. This policy resulted in the creation of several million trillionaires. He also raised the life expectancy from 60 all the way up to 30.” - Professor Leroy Mudbone PHd