Having now read and  listened to fair bit of Austrian Economics , it’s fair to understand why the truth is squeezed to the frindges or labelled as “cookey” . The political class both left and right have been able to use Keynesian economics for cover to interfere at all levels in a nation’s economy. 

The secondary effect of this Keynesian culture permeating through the political class is their ability to tax and spend on their nations citizens.  The problem is that they have proven unable to tax  efficiently judging by the amount tax legislation that we have.  On the spending side they have also failed –  just look at the chronic governemt deficits/debt that all Western Liberal Democracy have. 

Finally, this lends to the political class becoming more important than they would otherwise be as they now have the ability to “dish” the money to favoured parties or perhaps  donors , but only a cynic would thinks that…