“Fiscal Keynesianism is still a policy in search of a theory.”
Yes. Because Keynesianism is an incomplete and once removed from the individual theory. Within all of the calculus it is better than neo-liberal macro which attempts to hide the dominance of finance by ignoring “money, (private) debt and banks”, but it doesn’t address the elephant in the room which is private finance’s monopolistic paradigm of Debt Only as the sole form and vehicle for the creation and distribution of money. And it hasn’t broken through the sound barrier as to how to best and most universally implement the new paradigm of Direct and Reciprocal Monetary Gifting, which is precisely the way the banks do so now, that is, reciprocal accounting entries at both retail sale and at the point of loan signing.
It’s time we awoke to the new inversion of reality like we did with the Copernican cosmological paradigm change, and ended the Catholic church’s monopoly on the sacraments (albeit more peacefully) during The Reformation.
Please consider it. After all, the best way to reverse the anger, frustration and destruction of a disintegrative trend is to cognite on the ultimate integrative effects of applying the natural philosophical concept of grace as in love in action…in a universally participative system like economics.