A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
19 August 2015
The Keynesianism that drives the Fed.
Mussolini recognized, “Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (l926) might, so far as it goes, serve as a useful introduction to fascist economics.” Keynes saw the similarities too, admitting his theories, “can be much easier adapted to the conditions of a totalitarian state than . . . a large degree of laissez-faire.” Hitler built the autobahn, FDR the TVA. Propaganda notwithstanding, neither rejuvenated their economies.