Broadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.

Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.

It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved.

I react to what is necessary. I would like to eschew any formula.

A good rule of conversation is never answer a foolish question.

The privileged have regularly invited their own destruction with their greed.

We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.