In this video, McKaken critques Keyne's theory regarding saving money. McKaken argues that saving money does not actually destroy the economy, the way Keynes claims it does. McKaken says that Keynes is narrowing in to much on the short term outcomes rather than including the influence on long term economy structure. McKaken states that government spending is too often used as an "easy way out". This means that when the government chooses to spend more, that comes with taxing more, which creates more debt for our economy. This leads to an increase in inflation and instability. His answer about Stossel's question is that Keynesian ideas are only as popular as they are because they benefit politicians and they are made to appeal to the public. So the public only goes along with them because they are only able to see the good side of these ideas, but fail to see the long term effects these ideas have on our economy. People are too easily influenced by whatever is put in front of them. They don't recognize that with every welfare program that is made, is an increase in taxes and debt for us and citizens. He explains that just because his position is harder to sell does not mean it is not the economically wise decision in the long-run.
I definitely agree that some people aren't educated enough. It would be great if everyone realized the full effects of government spending and how that is related to inflation.