March 27 2020 , The current Covid19 crisis and the American and Canadian response to it by both the President and the Congress and the Fed , the Prime Minister, Parliament and the Bank of Canada is once again proof that Keynes is still very relevant and critically important in understanding how to fund countervailing policy to rescue the economy and society when it is attacked by a horrible scourge pandemic that tragically will cost the lives of many thousands or more of people world wide. There no longer is talk of excessive deficit spending, fear of inflation , condemnation of printing money and the whole range of deficit hysteria. Once again its crystal clear that massive disinflation and probable deflation will be the order of the day for awhile. Despite enormous deficit spending and large bouts of QE which Keynes, Lerner , and Takahashi, called for in the 1930s and John Hotson, Mario Seccareccia and myself called for more than thirty years ago , most economists and policy analysts will be supportive this time. Despite the barrage of criticism we faced we were correct in arguing for the wisdom of this set of policy tools. We should see a sharp recovery after the spending occurs and we are able to pass beyond the epidemic and find safe vaccines and treatments. This program will need to be assessed as to how large the expenditure and income replacement needs to be and what needs to be adjusted as it is implemented.