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Is Keynesianism dead?

  • Posted on September 5, 2026
  • By Financial Times
  • 8 Views
  • 1 min read
In brief

This article examines whether Keynesian economic theory remains relevant in modern debt-saturated economies. It argues that traditional fiscal stimulus policies, while historically effective during downturns, may prove counterproductive when national debt levels are critically high. The piece explores the tension between demand-side interventions and debt sustainability, questioning whether increased government spending can still function as reliable economic medicine or has become a dangerous prescription that exacerbates underlying fiscal imbalances.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Is Keynesianism dead?
Is Keynesianism dead?

When debt is the disease, fiscal medicine may be as likely to harm as heal
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Author
Financial Times

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