[quote=briansd1]
Arraya, Keynes said that we must pretend for at least 100 years. It could be 200 years. [/quote]
Keynes had foresight into some deep issues, but he is not alive today to see real systemic/structural problems. So, I don’t think reality will conform to your emotional comfort brian. And that vexes, doesn’t it.
[quote=briansd1]
Keynes was one of the intelligent designers of our economic system, so that writing by him is significant. He was definitely aware of the flaws of our system. [/quote]
Keynes was the guy who said public investment is needed unless you want serious issues – and he as correct. He was also correct that it is all about aggregate demand. Which is why the USG is stepping in to make up for an over indebted and over stimulated public – when they just can’t consume anymore.