Was Reagan's running up the national debt to 3 trillion dollars the result of his super-Keynesianism, the greatest deficit spending ever ? And isn't Keynesianism the bourgeois political economic name for the British and U.S.government policy form of state-monopoly capitalism, imperialism's answer to it's crisis by changing to neo-imperialism ? If Clinton is ending deficit spending, that fists with all of the other signs of a new stage of imperialism, post-Keynesianism or superimperialism, transnational imperialism.
One might say that the financial oligarchy of old has become a financial monoarchy, with the leading, kingly role of the U.S. in the new transnational capitalist aristocracy. The US -led realm has expanded even more widely than following WW II into the former communist countries of Europe and the semi-communist countries of the eastern hemiisphere.
We were all Keynesians then. Now what are "we" ? Kings ?
>>> michael perelman wrote: on the occasion of submitting his budget, he
[Nixon] proudly announced, "Now I am a Keynesian"."
By the way, Reagan was perhaps the most Keynesian president we have ever had.