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It’s a pretty stupid notion when you stop and think about it for more than 3 seconds.
This coming from the founder of Keynesian economics is laughable. A baron by birth, steeped in capitalist outcomes, furthered the ideals of capitalists and created a brand of demand-side economics that damaged humanity on a scale we will never know.
In a general sense I won’t defend Keynes, but Keynesian economics was a better macroeconomics than the classical ones that preceded them or the neoclassical/neoliberal ones that succeeded them, and he had a better idea for international trade/balance of payments than US dollar hegemony: Bancor.
Sounds like he really knew his stuff
