Nixon said 'we re all Keynesian now' and the phrase is sheer genius. He the proceeded to sink the US dollar and set the stage for the huge inflation and debacle that followed. I could say ' we are all post Keynesian now'.

Keynes is just like Freud when he was a big fan of cocaine. The latter realized his mistake in his lifetime, but effects in economics take a lot longer to become apparent than in medicine.

No academician, and I would think now solid politician in a country with an educated electorate, would peddle unadulterated demand pumping today.

Mr. Kicillofff and his masters can pontificate and rule because of Argentine electorate's inability to choose what's best for them, a constant of Argentina's political institutions for the last century. Unfortunately, Argentina's economic fortunes and policies change not because of the cycle or the triumph of ideas, but because the country slams, time and again, against the concrete wall of reality.