Nitpick: the USA didn’t adopt Keynesian monetary policy until after the Nixon Shock, as a post hoc rationale. Keynes helped destroy the middle class, not to create it.
That’s true, but I’m not talking about monetary policy - I’m referring to post-WW2 state interventionism in the economy to prevent post-WW1-style revolutionary upheaval.
Nitpick: the USA didn’t adopt Keynesian monetary policy until after the Nixon Shock, as a post hoc rationale. Keynes helped destroy the middle class, not to create it.
That’s true, but I’m not talking about monetary policy - I’m referring to post-WW2 state interventionism in the economy to prevent post-WW1-style revolutionary upheaval.