Keynes argued for all sorts of things at different points in time. He never observed any sort of Keynesian doctrine or orthodoxy himself. Also, the actual money system was very varied across his career, so prescriptions differ. The current monetary order wasn't something he dealt with at a large scale.
In any case, I'm pretty sure Keynes would have called bullshit on the way public debt is quantified or defined today. IE, the sum of money "owed" by Germany or Italy to the ECB would not have worried Keynes... though I think he would have been very interested.
Just to be clear, the a priori conservative hypothesis was that 2022 levels of debt are not just morally bad... they're an economic impossibility. Well...
Keynes argued for all sorts of things at different points in time. He never observed any sort of Keynesian doctrine or orthodoxy himself. Also, the actual money system was very varied across his career, so prescriptions differ. The current monetary order wasn't something he dealt with at a large scale.
In any case, I'm pretty sure Keynes would have called bullshit on the way public debt is quantified or defined today. IE, the sum of money "owed" by Germany or Italy to the ECB would not have worried Keynes... though I think he would have been very interested.
Just to be clear, the a priori conservative hypothesis was that 2022 levels of debt are not just morally bad... they're an economic impossibility. Well...