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>Keynesian policies are tried over and over again to improve economies (e.g., Japan)
>They never work
>Critics say you didn't Keynesian hard enough
Can someone explain to me why the fuck this idiotic ideology is still the dominant economic policy of the world? I'm getting communism flashbacks here. Obviously, true Keynesianism has never been tried, right? So when it fucks up over and over again, you can just ignore the evidence and advocate for it even harder.
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>>2459922
Politicians like it because it gives them more power. That's it.
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>>2459922
Infrastructure investing worked for interwar crash and worked for the 2008 crash.
Japan has a demographic issue, nothing Kensyian policies can fix.
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>>2459933
>Infrastructure investing worked for interwar crash and worked for the 2008 crash.
You believe that myth? Are you kidding me? Let me guess, you also believe the great depression was caused by a lack of government intervention, right?
>Japan has a demographic issue, nothing Kensyian policies can fix.
Are you saying that Kenesianism doesn't work on a flat population, and will only increase economic growth if population also grows (i.e., GDP per capita is unchangeable)? That's a pretty radical claim and the first I've ever heard of it from a Keynes advocate. Makes the policy seem very shitty, actually.
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>>2459922
>Keynesian policies didn't work in Japa-
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>>2460514
>Keynesian policies made the growth stay near flat
>but if we didn't do them, growth would have decreased!
you know, for some reason, i have a hard time believing that.
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>They never work
They sure worked for Germany, Japan, South Korea, and the USA.
The 30s and 40s basically BTFO neoliberal economics so hard they've been trying to slime their way back in every since.
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