The theory of Keynesiansim isn't necessarily flawed, it's the application of it during fiscal recession and massive budget deficits that has been wrongfully applied through massive central planning. Something Keynes himself did not even hint at suggesting.Some posters on this board attack the theory outright without really understanding it's premise or application, but then again, this wouldn't be Getbig if someone wasn't running around like with a loudspeaker and a doomsday sign strapped to their back.
That's all well and good but the fact that no one applies it correctly during fiscal recession indicates that it's a flawed system.
Well one wouldn't say that a jackhammer is a flawed tool if one were to use it to extract a tooth, the application of its use is guilty of being flawed.The real issue here is central planning gone wild.