John Maynard Keynes
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@kkmarivate you are wrong. Blaming Keynes is stupid, but not at all keynsianism. Keynes himself would despit keynsianism along with socialism of the post-war era
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Sorry I forgot it was wartime in his period. The government was grandiose because of their military spending. He didn't have much choice but to increase tax. Devaluation of sterling is to reduce productivity cost for the war's efforts.
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Really? if he is laissez faire supporter, he may have offend the House of Lords. Did he or did he not wanted to d evaluate the sterling and wanted the BoE to buy less gold? If he did then clearly the man wanted the BoE to lend out less...at the dismal of the economy at that time, didn't he criticized the government not to over spend the money they don't have? He clearly wanted to do things with the economy, and thus meddling into the private affairs while being officious.
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He was not a classical liberal. They are laissez faire liberals. Remember his book is end of laissez faire. That was the end of economic liberalism. He may not be socialist either, but he is modern liberal who had a great deal of collectivist sympathies (Germany and Russia). Read the forward in the German edition of "General Theory" where he says his theory is better suited for a totalitarian state than free market. He is not old school, he is the wave of new/current liberalism.
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Economics is one among a few subjects that even non-academics and the financially illiterate think they can have authoritative opinion about.
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@kkmarivate It doesn't matter how he perceived himself. All it matters is what his teaching had led to and they lead straight to socialism.
And yes, jesus is somewhat responsible for the crusaders - if you talk nonsense, stupid people listen and do nonsensical things.
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@TomaszJefferson on the contrary keynes was an old-school liberal who despised socialism. blaming keynesianism for the failures of socialist governments is as stupid as blaming jesus for the crusades.
kkmarivate 1 year ago 17
Can someone with all good will and honesty give me a good reason why you are bashing this man so much?
VonManavis 11 months ago 5