The Keynesian Playbook: A Systemic Deception

This systemic deception is a key part of the Keynesian playbook, where anything is possible if you just deceive the people. In their minds, economic failures are largely psychological phenomenon to be compounded with yet more psychology. The boom-bust cycle itself becomes, quote, irrational exuberance or animal spirits. A kind of mass delusion that the grown-ups of the Fed correct like rebuking a child. They did this to Trump in 2016 when the economy was slowing. They did it to George W back in 2000. Remember last year, Jack Dorsey is saying we're headed to hyperinflation and he got savaged. So how to fix it? Simple. Fire the whole game