Surrealist Theatre, Keynes, and Presidential Stimulus:

| 13 September, 2011 05:47

When Keynes wrote economies were far less complex.  Money was simple (either precious metals or paper money representing precious metals) and the world was far less interwoven. For his time some of Keynes ideas made perfect sense, and SOME of them did work.

Now; with ever more dense layers of complexity, an interdependent global economy, complex i.e., more or less symbolic money and the lack of depth in inventory of all kinds (except those dollar coins at the treasury) the ideas of Keynes are quaint. Sort of like science before Einstein (or Newton) and science after Einstein. This is what even some prominent economists, even the Nobel economist Paul Krugman doesn't comprehend.  Applying Keynes theory to our present day economy is like trying to retain the paradigm of Copernicus (a circular solar system) while attempting space travel. It just ain't-a-gonna work son!

  As an artist observer, the events of the last four years have become a sad exercise in surrealist theatre retro-redux.

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