[jokoon]

if he's wrong in 50 years, and still talked about, he will still matter for a simple reason: if a bad idea is popular, you need to implement it and make it fail to prove it's a bad idea. you just learn by your errors. It's better than to not experiment at all.

economics and policy are influenced by history. sometimes you have to find arguments in economics that manage to change politics even if it's not an entirely good idea. that's how history unfold.

[fiatjaf]

Well, Keynes is still wrong, and still talked about, and it was tested many times, failed them all, but, as economics is not testable, nobody can ever be convinced of anything, anyone can interpret the reality in the way he likes most and say it is proving your point.

[jokoon]

that doesn't mean we should not try anything.