What is your political ideology? EDITED

[theVOID]

It's pretty clear Keynes didn't know what he was on about Debt crisis anyone?

Of course not. I guess that''s why virtually every country immediately adopted a classic Keynesian approach instead of letting the market sort itself out.

They were already doing the Keynseian thing, the continuation of borrow and spend in the form of stimulus packages was the same thing Bush did to prevent the nasdaq bubble causing a deep recession, it's exactly what you're supposed to do under Keynesian economics, but all you achieve by borrowing large portions of GDP is to delay the inevitable, especially when you're borrowing in an environment where the interest rate is being forced down to keep the cashflow running. There is no doubt that stimulus packages provide a short term relief, but the long term problem becomes even worse - It's akin to a junky having another fix to ease the pain - His withdrawals are going to be even worse if/when he comes down from the high and he's going to need another bigger fix to get himself back to par - If he doesn't come down at some point he's just going to crash, that's exactly what will happen to the value of the dollar if this horseshit continues - It's high time the global community found a different reserve currency.

Why didn't they let the market sort out the bullshit? Because while that would ultimately fix the gross imbalances in the economy it would have lead to a deeper and longer recession than the cash flooded stimulus and that is the sort of thing that gets politicians voted out of office - People don't tend to react too well to hard medicine, just look at the riots in the debt ridden European nations to see how people react to being told that they are worth less than they believed and now they have to start cutting the fat to pay back the massive debt that's accumulated.