So, contrary to those who ascribe great importance to Keynesian policies, the boom was in no sense based on government deficits.

A Keynesian fiscal policy is called for to counteract the fall in the money supply caused by the transitional policies.

The ability for wealth to move between countries seeking the highest interest rate frustrated Keynesian policies.

Yet by 2010 the short lived consensus for a return to Keynesian policy had fractured.

Post Keynesian economic policies emphasize the need to reduce uncertainty in the economy including safety nets and price stability.

In the academic world, the partial shift towards Keynesian policy had gone largely unnoticed.

Promoted a virtuous cycle of production and consumption to produce economic growth based on Keynesian policies.

The preceding discussion suggests that the operation of Keynesian fiscal policy should pose few problems.

But the real problem is that Keynesian policies (even extreme extensions of them as we've had over the last few years) simply don't work.

Additionally, since the 1960s neoclassical economists have played down the ability of Keynesian policies to manage an economy.