I think that's a part of it. I think it's chicken/egg essentially. I think believing the theories about why a deflationary effect is bad (and why we need a few people constantly tinkering around with the supply) is a belief that manipulative, busybody type of people are more susceptible to.
And being anxious to try to patch over market corrections is a thing that short-term oriented people are more susceptible to.
So I guess my belief is that -- with the occasional exception I'm sure -- people who believe Keynesian theories tend to have flaws that lead them to those beliefs. And if they had a better heart and soul, it would be hard for them to believe those things about deflation and stuff.
In my experience "debating" or talking with them, it's always the dirty tricks of strawmans etc., always trying to distort what the other person is saying rather than engage fairly and see how their arguments stand up. So I've come to see them as kind of lousy people lol.
Plenty of people I think don't care much, and might passively assume that the truth is somewhere in the middle or something. Or they took a college class and have some ideas in their head, but they aren't attached to it or particularly interested in it. Those people are fine. I'm talking more about the people who study all the theories and actively try to pass along the kool-aid. 😀
Haha, I completely agree about passing the kool-aid. No thank you. 😄
Good thoughts. That was helpful, thank you. Good to speak with you, btw!
Likewise!! Was super cool to see you show up! 😀 Hope you're doing great. Gonna have a look at your blog in a little!