When dealing with Marxist or Keynsians (or modern monetary theorists for that matter) it is a safe bet that the people implementing the policies haven't read and don't intend to follow the theory.
So I am simultaneously shy of saying "Kaynes was wrong" and confident that anyone claiming "Kaynes was right and we must do suchandsuch!" is saying the wrong thing. Ditto the other theories.
Comments
When dealing with Marxist or Keynsians (or modern monetary theorists for that matter) it is a safe bet that the people implementing the policies haven't read and don't intend to follow the theory.
So I am simultaneously shy of saying "Kaynes was wrong" and confident that anyone claiming "Kaynes was right and we must do suchandsuch!" is saying the wrong thing. Ditto the other theories.