Keynesianism (reply to Brad)

[Brad DeLong]

>Why can't Keynesian demand policies easily then become weapons 
>against the incomes of the already employed?

Sometimes they can. Hayekians always claim that Keynesian policies 
rob from workers--they fool workers into working more than they want 
to because inflation silently eats away their real wages.

But not always, or even often...

Brad DeLong