[ianpenney]

Cryptocurrency and elemental metal will be the last bastions of money because credit is only money when there is trust. Everything else can be counterfeited.

The "bad for humanity" thing this author is talking about is called "reality" in some circles. An economy is supposed to transmit the pain of dwindling resources by the proxy of dwindling money, so as a society we then act to conserve. The last decade of the US consumer and several US-led invasions of other countries probably wouldn't have happened without so much easy credit.

When the US borrows money from others, it burdens them with an eventual default risk. When the US makes unfunded future promises to americans like social security, and medicare, and inflates their dollar with QE, their people's pain is merely amplified and delayed.

I don't believe there is an absolute right or wrong answer to Keynesianism. A little is okay, too much is catastrophic. The US has been borrowing continuously for decades. I don't think you can really call that Keynesianism.