re: #132 Fozzie Bear

This is like saying that my car is so broken the laws of physics are no longer applicable. Keynes constructed a model, called the “general theory” that really is the economic equivalent of newton’s laws.

You may not like the particular implementation, but the general theory is very sound.

What I think he means is that there are places in the Western world like Greece where the Keynes model no longer works because thew economy is fundamentally unsound. In those places, the economic foundations must be shored up by reducing spending. Only after Greece brings order to budget and lives within its means will Keyensian management work.