FINALLY! Someone who also knows that this Keynesian thing is what it is: bullshit!
Agreed. I don't like Keynesian economics.
When I started studying economics I didn't really understand which version suited similar situations better, but living through this crisis it's obvious what the problems have been.
Here are other problems we will probably face:
Collapse of commercial real estate, something that is more leveraged than sub prime housing.
The bubble of long term treasury bonds that have lost momentum, which is why I'm shorting long ETF's of 30 year notes.
More job losses and probably downside in the stock market.
Nationalization of banks.
Perhaps an energy crisis due to short term deflation.
Then the grand daddy of them all: hyperinflation due to money being printed recklessly. A hyperinflationary depression.
Hopefully this is all wrong though.