Keynes eller ikke Keynes?

The Telegraph har en artikkel om Gordon Brown og keynesianisme i dagens utgave. En av kommentarene, fra en Charles Baxter, tar situasjonen på kornet:

I know nothing about economics or economic theory, so this article is very enlightening.

But, it strikes me as odd that GB on the one hand rejected they Keynsian economic model when he claimed that economic cycles were at an end and yet, now invokes that same model to justify government borrowing in excess of anything ever seen before. I suspect that, since his judgement was wrong in the first instance, it will prove to be wrong now.

I wonder what Keynes might have thought about the current situation – created wholly, in my untutored view, by a believe by all – bankers, governments ministers AND economists that there is no real need for sound money and that individuals and governements can sustain a wealthy life-style based on ever-increasing debt indefinitely.

It seems even more likely that by overstretching the ‘boom’ aspect of the economic cycle in this way GB ensured a sort of ’snapped elastic’ effect which has now hit him squarely in the eye. It is little short of hubris to ignore the sting and to carry on borrowing regardless. The man is clearly a buffoon.

Min utheving. Charles Baxter har forstått mer enn alle andre – eller rettere sagt: Saueflokkmentaliteten har gjort at ingen har turd å påpeke en helt opplagt mangel på bærekraftig utvikling overalt i hele økonomien – ingen andre enn såkalte utskudd, i hvert fall. Og bærekraftig utvikling har blitt neglisjert på alle områder, ikke bare det finansielle, monetære og økonomiske. Tenker alle bare et halvt år frem, går alt til helvete i et tyveårsperspektiv. Velkommen til den vidunderlige nye verden, snart tyve år etter kapitalismens endelige seier.

På den positive siden: Aldri noensinne har en lærepenge vært mer nødvendig.