Is Ron Paul right that according to Keynesian economics, there is NEVER a good time...?

From what I recall of Keynes theories, no, that is not correct. He recommended the debts to be paid during economic gains. Unfortunately, the Keynesians only seem to borrow and not repay.

"Keynesianism is named after John Maynard Keynes, a British economist who lived from 1883 to 1946. He was a man of many contradictions: an elitist whose economic theories would be embraced by liberals the world over; a bisexual who enjoyed a happy and lifelong marriage to a Russian ballerina; a genius with an uncanny ability to predict the future, but whose works were often badly organized and sometimes very wrong."

That's actually "neoKeynesian."

Keynes himself said government spending is ALWAYS harmful to the economy in the long-run.

He argued that it's possible for a situation to exist where the short-term benefit of a "kick-start" could outweigh the inevitable overall harm.

Modern folks calling themselves "Keynesians" do in fact ALWAYS fight to accelerate the growth of debt even WHILE blaming others for it and saying it's a bad thing.

I agree with the first two answers. Keynes, himself, is probably spinning in his grave, though he knew that the nature of governments would use only those parts of his ideology they find convenient.

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