As fields of study, history, philosophy and economics are matters of perspective, fallible assessments of truth. In reality, they are the attempt at capturing the essence of life, the product of affection, avarice, preference, passion, and — in their highest forms — love. They are mankind’s best effort at seeking to understand, or otherwise distort, the most fundamental questions before us: what drives human action, and what is our purpose on planet earth?
The Keynesian mantra, in its implications, has its roots in destruction rather than truth: “In the long run, we’re all dead.” If this is your guiding principle, we are destined to differ on matters of principle and timeline. While it is true that our fates intersect in death, that does not mean that we ought to condemn our heirs to that view: the view that our work on this planet ought only to serve ourselves, and that we ought only to bear in mind the consequences within our own lifetimes. The Keynesians, of course, prefer their outlook, as it serves their interests; it has the further benefit of appealing to other selfish people who have little interest in the future to which they'll ultimately condemn their heirs. After all, they'll be long gone by then. So, in the Keynesian view, the longterm prospects for the common currency, social stability, and personal liberty are not just irrelevant but inconvenient. In their view, regardless of the consequences, those in charge tod