Keynesianism Loves the Total State - JM Keynes

[Filthy Keynes]

Keynesianism Loves the Total State
http://mises.org/daily/3693


The theory of aggregate production, which is the point of the following book, nevertheless can be much easier adapted to the conditions of a totalitarian state than the theory of production and distribution of a given production put forth under conditions of free competition and a large degree of laissez-faire. This is one of the reasons that justifies the fact that I call my theory a general theory. ~ John Mynard Keynes

http://mises.org/images/GermanKeynes.jpg

[keehah]

John Maynard Keynes and Economic Fascism
[A breaking history lesson to hard guitar]

http://www.youtube.com/watch?v=WnUUMs9WIC0&p=DE52FAF8544404D0

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

[madfranks]

One of my "friends" on facebook posted a quote from Keynes, something to the tune of "it's easier to embrace new ideas than pull away from the old", and so I quoted the one in the OP about his theories being suited for totalitarianism, and mentioned that he was probably talking about embracing authoritarianism and giving up individual liberty in the original quote. Freaking idiot came back telling me how since I never met him I can't say with certainty what kind of person he was, blah blah blah. Ugh, never again will I make the mistake of arguing Keynesianism with a sheeple.