So the best the libertarians can come up with are a couple of anti-Semitic lines? Weren't most people anti-Semitic back then? I thought you guys had legitimate attacks against you know, his economic theories.
My main criticism is that his solution to most macroeconomic problems requires politicians to have their act together. It seems horribly optimistic.
While I certainly agree with you that Keynes has major flaws, I think that you could pin that criticism on all economic ideologies. For example, Libertarianism requires that politicians and companies don't decide that doing buisness with the government and the Fed is more lucrative than doing buisness with the private sector, as they do now.
As for Keyenes, his economics are generally outdated. The central problem is that with government spending so high in most Western nations, the amount of money, even with the multiplier effect, that is needed to truely whack the economy into shape is so high that it is politically and socially impossible to obtain it without resorting to other, more odious means (i.e. printing money).
Just another reason to prefer Friedman.
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