&quot;Keynesian economics optimizes for production and growth over efficiency and sustainability.&quot;<p>This sounds made up.  How is optimized production different from efficiency?   How is growth unsustainable?  An economy without growth is by definition zero-sum; is that what is sustainable, no more Pareto efficiency, that someone must lose for another to gain?<p>&quot;If you want loads of shiny new gadgets every year, and want it so most people spend their entire lives working just to pay rent and only a lucky few escape with &quot;fuck you&quot; money, then it&#x27;s the system for you.
If you want the average person to have the economic freedom to work less, and actually get time to enjoy their discretionary purchases, then debt-based slavedriving is not what you &quot;<p>Keynesianism has nothing to do with private debt or private spending habits, nor weekly work hours.  You can blame many for such problems, I don&#x27;t know why Keynes would have anything to do with this.<p>&quot;Deflation isn&#x27;t scary, only the transition to it is (like any change). Deflation is actually the natural tendency, as doing things cheaper is precisely what market competition is based on (see: the entire technology sector).&quot;<p>That&#x27;s not deflation.<p>Deflation is when the entire broad based market across products and services lowers their prices for <i>the same products and services</i>.  It in practice causes depressions very similar (and deeper) than what we just experienced.<p>The tech sector lowers prices in a <i>specfic sector</i> by using new technology.  By definition this is about classic creative destruction and reallocating of resources.<p>Deflation is what happens when there is not enough demand for the supply, and therefore everyone stops spending money, people lose their jobs. Interest rates fall to 0, and prices fall across the board.  In other words, very close to what happened in 2008-2009.<p>Deflation was something that theoretically shouldn&#x27;t happen by classical models until Keynes showed it does, and we saw it in earnest in Japan during the 90s.