13-08-24 21st century Greater Depression and its remedies

Below is my comment on a Liberterian discussion group about current economic conditions under Keynesian theory.

 

Homless in the USA:  20th Century Great Depression and 21st Century Greater Depression

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At least since 2008 Keynesian theory is no longer applicable in the US and most of the western world. Keynesian theory deals with business cycles in what is perceived as normative regimes. Since 2008 we have entered the 21st century Greater Depression. Depressions are the results of massive corruption of government systems, and the remedy must be in overall of such systems. Unfortunately, history shows that one of the ways that such overall was accomplished was through large-scale wars... The world did not emerge from the Great Depression of the 20th century until after WWII...