John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did not understand. He was, after all, more of a bureaucrat than an economist. In fact, he would best be described as an anti-economist because he eschewed things like supply and demand and held the opinion that government could run the economy.
He be the devil-may-care proponent of our newly resurrected borrow-and-spend philosophy. He may rest in peace again some day, but not yet.
One can only hope…
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