[hristov]

I don't think you know much about Marx or Keynes, if you conflate them like this. Keynes has been proven right as thoroughly as it is practically possible to prove an economist right. The greatest economic expansion in the modern world happened during the poswar period in the US, western European and certain Asian economies when those economies were entirely under the influence of Keynesian policies. When Keynesian policies started being moved away in favor of Friedman's monetarist policies, in the mid 80's growth promptly slowed.

South America rejected Keneysian policies for what they believed were more "free market" policies. They suffered greatly, and they did not experience the massive postwar growth the Western world and the Asian Keynesian countries (Japan, Taiwan, S Korea) experienced. This was a great tragedy, because south america should have done great as they were the only corner of the world not affected by WW2. But they remained mired in poverty.

It is difficult to prove an economist right or wrong because it is difficult to run experiments in macro economics. But as much as it is possible to prove an economist right, Keynes has been proven right.

[gbacon]

Ah, Keynesians, singing the praises of a bum who never had a real job while U.S. government debt surpasses $20 trillion.

“It’s not the size of the debt but its structure,” the hucksters insist.

tl;dr Print more money.

[hristov]

The current US government debt has nothing to do with Keynes. The current debt is the result of our ruling classes thinking they could have endless multi-front war and tax cuts at the same time. If this was a Keynes debt it would be spent on massive infrastructure projects within the US, to make our economy much more efficient.

Furthermore, you probably do not remember this, but the Clinton administration was paying back the debt and had America on a path to being debt free. But Bill Clinton, scumbag as he was, wasn't stupid. The wars he started were very short and very cheap.

[taq33]

I've got a box of libertarian pamphlets in my basement alongside my twelve bitcoins.

[0x27081990]

The only country in South America that kept loyal to the Chicago School was Chile and its results really show.

The rest is very Keynesian and it shows. I'm from South America, trust me. Saying that you're a libertarian here is taken as if saying you're a fascist. Guess who they blame for our own failures? Capitalism and imperialism, of course.