Keynes extreme depression and wartime policies, have been embraced as everyday policy by libs even in the absence of war or depression. So if either ever happens again their already tapped out.
Government investment in the right infrastructure at the right time is the key, the resulting increase in productivity is as strong as the weakest link. Understanding global demand trends and seeking to match them with the corresponding production factors, better to over invest!
No erstwhile economists are relevant today, since they had no idea about globalisation. Globalisation had unleashed the hidden force of hegemony in global trade. Today in market economy might is right principle is operative which means buy or die. It is kind of a neocolonialism!
I prefer Maynard James Keenan
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