Linky Not a long article, and well worth reading. Might not be socialist, but I've always had a soft spot for Keynes - he put people before capital, and that always works in my book...
I read the title of this thread as "Bring back Keyes" and I was wondering why in the world anyone would want to inflict Alan on the poor public yet again. As for the article actually linked to, I got through the first clause of the subheader and stopped reading: The crisis we have is one that centers around the fact that the tools governments have for cutting interest rates aren't working any longer. At least in the U.S. the Fed is completely powerless to lower interest rates because the rates on short term government bonds--the rates that the Fed has direct control over--are already essentially zero.
