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RE: Why Keynesian Economics will never work.... It's stupid, for starters...
One will get money in the hands of the workers and help the general economy
only for a short period of time, it's not sustained, and will collapse at some point in the future - without extreme events to reset - war being the best one for that..
The grand coulee dam has been producing electricity for 2.3 million homes per year since coming online. You have a funny take on "only for a short period of time" and "it's not sustained". 😎
1942 , until to today is 70 years - ish.
In terms of a debt based system running full throttle - lets say 100 years...
Markets without this system ran for at least 4000 years.
('This system' meaning a financial industry , central banking and usury - compound interest in this context)
So in the scheme of things, and in context of civilization - anything post ww2 is short term. This doesn't make it sustainable - it's only 2 generations away...
For comparison, do you see the fossil fuel industry as 'for a short period of time'?
It is, relative to the history of man, and this also is probably not sustainable..
.....the cost of the dam is not repaid until 2044