The word "Keynesian" went out when Reagan came in, but his boys straightway  
came up with a new rationale for deficit spending: the "Ricardian  
Equivalence Theorem", expounded by Robert Barro. Reagan and the Bushes  
proceeded, of course, to run the greatest deficits of all time.  Blaming  
Keynes is pretty stale by now.  
  
Mason Gaffney