Russ Roberts, What’s Wrong With Keynes. Worth a read, but do we really need to delve so deeply into it? One may as well be asking in 2010: What’s wrong with phlogiston? What’s wrong with the luminiferous ether? What’s wrong with phrenology? The main thing that’s wrong with ‘Keynesianism’ is that (unlike these others) it’s still with us.I think that you could make some outstanding cocktail names from these. For example, a Phlogiston would be 1 part sparkling Reisling*, 1 part schnappes, and Baccari 151 floated (and ignited) on the top. When the 151 burns off, the cocktail is considered dephlogisticated.
Leave your own recipes for a Luminiferous Aether (please, no actual ether) or a Phrenology in the comments. Or for a Keynesian Crash, for that matter.
* the originator of the theory of Phlogiston, J.J. Becher, was from the Rhineland-Palatinate area of Germany, a major producer of sparkling wines.
