Keynes also said “in the long run, we’re all dead”. But with these popular quips, Keynes wasn’t undermining macroeconomic theory, but certainly is communicating

Keynes also said “in the long run, we’re all dead”. But with these popular quips, Keynes wasn’t undermining macroeconomic theory, but certainly is communicating that policy outcomes are civilisational in both scale and timeframe. Neither politicians, nor your investment advisor, use such a scoped time horizon.