SENTINEL TZ on Nostr: While it's valid to critique the Keynesian model, dismissing it entirely as a paid ...

While it's valid to critique the Keynesian model, dismissing it entirely as a paid piece overlooks its historical context and practical influence. It was developed to address the failures of classical economics during the Great Depression, offering tools like fiscal stimulus to manage demand and reduce unemployment. While it's true that it aligns with fiat-based, interventionist systems, many of its principles have been supported by real-world applications and data. Like any model, it has limitations, but reducing it to mere propaganda ignores its nuanced role in shaping modern macroeconomics.