Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Keynesian policy requires an expansionist Central State and Bank bent on imposing central planning on every level of the economy. Keynesians are natural partners with the neofeudal financial Aristocracy which benefits so enormously from Keynesian print-borrow-blow policies.
It's difficult to retire on Keynesian promises of the speculative-bubble-bogus-prosperity fleet returning any day now. The cargo cult's chants and dances are getting as tiresome as their grandiose policy failures.