Keynesian economics has shown itself to be the best method of smoothing the peaks and troughs of an economic cycle - when the basic principles are not abused. Correctly applied, the deficits which accumulate in bad times are cleared in good times.
Again you are confusing what has happened under the neo-liberal free market gangsters with a proven economic regulation which Keynes proposed. The current batch of central bank criminals allowed an overinflation of the money supply in the good times which is the complete opposite of sound Keynesian principles.
The system is now broken beyond reasonable repair due to the damage done to the equilibrium since the era of Reaganomics, and the fact that many of the fundamentals underpinning the system (cheap energy) have radically changed forever.
Get the basic causes right and you can start to see the solutions.
Edited by Br Cornelius, 21 February 2013 - 06:18 PM.