Yes the general theory meaning keynesian and new keynesian economics and all tha

Yes the general theory meaning keynesian and new keynesian economics and all that has resulted from it, that reflected the progressive imagination that the end of scarcity had occurred and that money was neutral.

This isn’t to say keynes had no insights it’s to say that hayek was right and keyens was wrong, and without hayek correcting keynes (before he died) the midwittery that fills academies and student bodies and government roles failed to grasp that we cannot run a civilization by an income statement without a balance sheet and a balance sheet thtat measures ALL the capital we rely upon.

Hayek’s most important insight in my interpretation is his recognition of informal capital as the most expensive capital to produce and that by ignoring it we were simply spending it down.

As you can see with the presetn destruction of our civilization from within and without.

Reply addressees: @RuinsMan @Rasterdingus