Hayek and Hazlett on the Decline of Keynes
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Yes but Communism was around before Keynes. Keynes ideas are mainly concerned with "Banking" mainly the supply of credit expansion and increase in the money supply. Mises already destroyed the idea early on as to how it would not work and Heyek follow. It just so happens though that with banking in socialist or communits country's, the credit expansion is controlled by the state and there these governments put such in to practice.
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i wonder what keynes would think of paul krugman...
goPistons06 1 year ago 4
Hayek is absolutely correct about Keynes. He was NOT a logistics thinker. I have a degree in economics, I've had to study Keyensian and Austrian economics. Had to read the Road to Serfdom etc... Keynes would have rejected his own theories. He was not logical, but was intellectual. Problem is this. On the leftist side of the arguement of politics they used Keynes as a scape goat to thier real agenda. World communism. That can only be acheived by the de-value and ultimate crash oh the dollar.
SuperGuitarman69 1 year ago 3