I agree that we did not "save up" a surplus during good times, therefore did not follow his complete plan. Not sure if it is even a reasonable expectation of being able to do such a thing with politics what they are. So it may not be so much that Keynes was wrong, but that central planning can not be expected to ever be able to follow his plan. That being the case, it was still a bad plan. A plan that can not be realistically followed, is not really a plan at all. I have read some of Keynes stuff, and some of it is very reasonable. Some of the things he says about inflation and the ills it causes are spot on. Then at other times he seems to go off the deep end. Seemed like kind of a strange dude. John
Edited by John Burns 3/24/2014 23:09
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