Registered: Jan 2006
10-05-12 07:36 PM
Quote from Fractals 'R Us:
There is no proof that Keynes was ever right. Politicians love his ideas, of course. It allows a lot of money to flow through their grubby hands to their grubby friends... so in their eyes Keynes is King but basically... no real proof for it at all....
Actually there is an abundance of proof, but not about everything. When he was at Bretton Woods, virtually all of his objections, on which he did not prevail, have been later been shown to be well-founded. He was right about almost everything so far.
(I'm looking for a specific reference for you.)