Has Keynesian economics doomed us to a policy of ever accelerating inflation to ward off the day of reckoning?

Yes.



You are not an idiot.



Fed policies create an illusion that inflation isn't occuring, despite inflating the currency, this illusion is brought to bear when we face recessions.



Throughout history, EVERY SINGLE empire that has inflated its currency has eventually collapsed in economic ruin. We are absolutely foolish to think it won't happen to us.Has Keynesian economics doomed us to a policy of ever accelerating inflation to ward off the day of reckoning?
You know just enough economics to be dangerous. In case you didn't notice, the US inflation rate has averaged well below 4% every year since 1992, and it shows no sign of accelerating. If you don't like Keynesian economics, perhaps you'd advocate Hooverian economics, which was to do nothing as the nation's economy just fell apart at the beginning of the Great Depression. When Roosevelt took office, Keyensian economics, through deficit spending, brought the economy up somewhat until 1937 when Republicans prevailed on Roosevelt to adopt a balanced budget. That balancing immediately plunged the country farther into depression which wasn't relieved until Keynesian deficit spending began in a big way the start of WWII. I suggest you quit listening to ignorant and malicious people around you and instead study a little about the history of your country. That would seem like a patriotic thing to do.
absolutely. Keynesian economics, as well as the privately controlled entity called the Federal Reserve are some of the direct causes of our situation right now. If you read about it, the Austrian economics model is the only one that seems to make sense. Our problem lies within our corrupt federal gov't that is controlled by payoffs from corporations and most importantly, the Federal Reserve. People like Ron Paul, and other sensibles see this and are trying to abolish the Fed which is the only way to get out of this mess. Everyone is trying to solve the symptoms, not the cause.Has Keynesian economics doomed us to a policy of ever accelerating inflation to ward off the day of reckoning?
Keynesian economics only causes inflation when government spending causes a shortage in resources. If the high speed rail used up all the steel in the country your next car would cost more because the cost of steel would increase but this is the only reason why inflation may occur.



If you are pushing a monetarist argument that stimulus is pushing too much money into the economy at once and devaluing the currency, well realistically you should tighten the federal reserve system to stop banks lending out money so freely since this would theoretically prove such a major hazard to the economy. However this would cripple the economy ultimately proving why monetarist theory is neoconservative propaganda.



The only reason why Keynesian economics never succeeded the way people expected is because conservatives don't want full employment and resisted it since it was even seriously considered by government. Despite this it was generally accepted until Regan came along inspired by crooks like Milton Freedman and Friedrich von Hayek. Not even Bush snr could stomach their ilk and just called it all "voodoo economics".



The countries that actually wanted full employment generally embraced Keynesian economics to the extent they could despite the finance industry threatening to sink their economies. The only reason the economic crisis became a world economic crisis is because the finance industry wouldn't accept countries investing in their own industries and accused them of being socialist.



Instead countries decided to invest in other countries economies buying up all the collateralised debts that ultimately sank the economy. Listening to the type of economic advice you buy amounts to nothing besides learning what you can't do to fix a problem.



The ultra-conservatives in Asia don't buy it because keeping people employed is the only thing they care about. The conservatives in Europe threaten to drive the finance industry out of the country if they don't play by their rules. The socialists in the nordic countries just call them the scum of the earth. The only people who willingly play by their tune are people willing to ignore the facts of how the economy works and rely on theories designed so people with school children sized intellects can imagine they understand how the economy works.



In the end you're just supporting the people who are willing to sell the country out from beneath you because lending money will always be more profitable than producing products and services!
You are an idiot. Obama is from HAWAII. HE PROVED IT.



We are not inflating the US Dollar, it is actually getting better. The US Dollar is now more valuable than the Swiss Franc. That is an accomplishment.



You are still retarded.Has Keynesian economics doomed us to a policy of ever accelerating inflation to ward off the day of reckoning?
If hyperinflation kicks in, you define a new monetary unit and ditch the dead dollar.

You base that money in "shares" of government property.



Germans did it with their Rentenmark and that got them out of the hyperinflation mess.
You are right. This can only ever end badly.The plain truth is that everything will eventually show their true value. You can manipulate it all you want but eventually it will always become a worthless piece of paper.