Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
I find myself more and more relying for a solution to our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.
John Maynard Keynes, ten days before he died
So if Nozick’s doubts later in life spawned such fervor this summer (see here, here, here, and here), then what can be understood of Keynes’ reconsiderations? Particularly since Keynes was infinitely more influential to his eponymous statist economics than Nozick ever was to libertarianism (and, further, since Nozick near the end of his own life found his way back to libertarianism, though not quite to his previous fully-anti-state position).
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.