The word “Keynesian” has become synonymous with “socialist” in the last few decades. This is strange because Keynes identified himself as a capitalist and regularly criticized socialism (I too identify as a capitalist and reject socialism). It seems that the term “socialism” has become a rallying cry for politicians and the general public has come to view Keynesian economics as a form of “big government” economics. The reality is that the only people who could possibly think K...
