In this paper we will discuss the strength (austerity does not work) and the weakness (Quantitative Easing) of Keynesian economics. We will describe the ergodic hypothesis which plays a critical role in Keynesian economics. We will also try to provide an answer to the question: What role does...

Keynesian economics was created as a direct response to the great depression in the 1930's. Keynesian economics today is perverted. I doubt that Keynes original idea was Quantitative Easing (QE) to infinity. We will in this paper discuss Keynesian economics and some of the faulty assumptions