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Why Keynesian Economics Is Destined to Fail

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Why Keynesian Economics Is Destined to Fail
Unemployed people line up outside the State Labor Bureau in New York during the Great Depression on Nov. 24, 1933. Following the crisis, Western society was deeply influenced by the theories of Keynesian economics, which advocates active state intervention and regulation of the economy by using finance. AP Photo
Lance Roberts
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My colleague, Doug Kass, penned an interesting note suggesting that Keynesian economics will fail. To wit:

Lance Roberts
Lance Roberts
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Lance Roberts is the chief investment strategist for RIA Advisors and lead editor of the Real Investment Report, a weekly subscriber-based newsletter that covers economic, political, and market topics as they relate to your money and life. He also hosts The Real Investment Show podcast, and his opinions are frequently sought after by major media sources. His insights and commentary on trends affecting the financial markets earned him a spot in the 2020 Refinitiv Global Social Media 100 influencers list.
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