Keynesianism is one big fallacy, and a cult fallacy at that. It violates the Law of Cause and Effect by declaring that effect really is cause. And it wants us to assume that work is nothing more than a transmission mechanism for money, and it does not matter what government pays people to do, just as long as it provides money so that they can spend it and make us prosperous.
This isn't economics. It is nonsense.
This is from Professor William L. Anderson.
I’d add intellectual fraud to Professor Anderson’s description, as Keynesianism is used by zealots to promote the religion of government or socialism.
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